173 DANFORTH AVENUE, Toronto (North Riverdale)

$1,999,000

For sale: Other

Other at 173 DANFORTH AVENUE, Toronto (North Riverdale)
Property type
Store W Apt/Office
MLS®
MLS® E13596554
Neighbourhood
North Riverdale

Premier investment property in the heart of Toronto's vibrant Danforth Avenue. This rarely available, fully leased mixed use commercial building offers stable income in one of the city's most established and highly sought after neighbourhoods. Situated on a prominent stretch of Danforth with exceptional pedestrian traffic and outstanding visibility, the property is just steps from Broadview Subway Station, minutes to the Don Valley Parkway, and offers quick access to downtown Toronto. The ground floor is occupied by a long established and well regarded bakery that has been serving the local community for well over a decade, providing a strong and dependable retail presence. The fully occupied second floor space (Law Office) has been recently renovated with new skylights, updated flooring, renovated washrooms, and an upgraded HVAC system. Rear parking adds further value and convenience for tenants. This is an outstanding opportunity for investors seeking a turnkey, income producing asset in a high demand location with excellent transit connectivity, a thriving local business community, and strong long term investment potential.

Sold data

Other homes in Toronto (North Riverdale) — recent sold market

Other homes in Toronto (North Riverdale) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 91, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 102 days.

The median sale price was $59,000.

Homes sold for about 9.1% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$59,000
Sale-to-list ratio
90.9%
Sold above asking
5%

Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (North Riverdale)

Toronto (North Riverdale) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (North Riverdale)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 173 DANFORTH AVENUE