975 Danforth Avenue, Toronto | Image 1

975 Danforth Avenue

Toronto, Blake-Jones

  • Commercial

$X,XXX,XXX
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: CR

  • Age: No Data

  • Taxes: 17631.25

  • MLS®#: E8024604

  • Days on Site: 68 Days

  • Added: Jan 26, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.

InTrust. is thrilled to offer for sale 975 Danforth Avenue a ZONING APPROVED 51-UNIT PLUS RETAIL, 9 STOREY DEVELOPMENT SITE (known as the "Site" or "Property") in the City of Toronto. Located at the southeast corner of Danforth Avenue and Euston Avenue, this 0.148-acre Site represents a prime infill residential development opportunity in the vibrant Greektown - Riverdale neighbourhood. The Vendor has recently received approval on the Zoning By-Law Amendment ("ZBA") that allows for a 9 storey building with a maximum Gross Floor Area ("GFA") of 46,254.67 square feet (4,297.2 square meters) and 51 residential units with flexible retail space at grade to be built on the Site. A formal Site Plan Application was submitted by the Vendor in spring-2022 and is to be completed by the Purchaser, providing the opportunity to make final design changes. Architectural plans and other project information is available to qualified buyers upon signing a CA.

Extras

The Site is highly desirable as it is directly across the street from the Donlands Subway Station & 500 Meters away from the Pape Subway Station a new Ontario Line Station that provides direct access to Union Station in Downtown Toronto.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Toronto

  • Community: Blake-Jones

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $17,631

  • Taxes Type: Annual

Land

  • Cross Street: Danforth Ave & Eusto

  • Municipality District: Toronto E01

  • Parcel Number: 210470060

  • Lot Depth: 92.91 Feet

  • Lot Frontage: 70.04 Feet

  • Zoning: CR

Commercial Specific

  • Sprinklers: N

  • Total Area: 6436.6

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

7-8

East Alternative School of Toronto

Elementary: Public
0.94 km
JK-6

ÉÉC du Bon-Berger

Elementary: Catholic
0.85 km
JK-8

Holy Name Catholic School

Elementary: Catholic
0.82 km
JK-6

Blake Street Junior Public School

Elementary: Public
0.94 km
7-8

Earl Grey Senior Public School

Elementary: Public
0.46 km
JK-6

Wilkinson Junior Public School

Elementary: Public
0.20 km
9-12

First Nations School of Toronto

Secondary: Public
0.13 km
9-12

School of Life Experience

Secondary: Public
0.55 km
9-12

Subway Academy I

Secondary: Public
0.14 km
9-12

Greenwood Secondary School

Secondary: Public
0.55 km
9-12

St Patrick Catholic Secondary School

Secondary: Catholic
0.77 km
9-12

Danforth Collegiate Institute and Technical School

Secondary: Public
0.39 km
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