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Listed by Cbre Limited.
587 Danforth Road is a Multiplex, 2-Storey and is currently for Sale @ $1,650,000. Taxes in 2025 were $9,275.00.
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User/Investment Opportunity: Meticulously Maintained Multi-Plex in Desired corner Location. The 2-Storey on 587 Danforth Road has 10 bedrooms, 6 bathrooms, and is located on a 130 x 107.13 ft lot in the community of Clairlea-Birchmount . This property boasts an unbeatable location, with a TTC bus stop steps from your doorstep and close proximity to all amenities and downtown, offering immense appeal to tenants. The building features six residential units, comprising four 2-bedroom units and two 1-bedroom units. Each unit benefits from two separate access points, enhancing privacy and convenience. All units are currently occupied by month-to-month tenants, providing immediate income and flexibility for future strategies. Each unit includes a 3-piece washroom. A shared coin laundry facility adds an attractive amenity for residents and an additional income stream for the owner. Equipped with two furnaces with humidifiers (approx. 10 years old), four owned gas hot water tanks, two separate gas meters and separate hydro meters for each unit. Roof is approximately 12 years old. Some units are equipped with portable window air conditioning units. Ample exterior parking and 4-car detached garage. This property presents a compelling investment with an estimated annual gross income of $100,414.80 and an estimated annual expense of $27,553.00, with and estimated Net Operating Income (NOI) of 72,861.80.
Two Furnaces with humidifier-10 yrs old approx; Four (4) gas Hot water tank (owned); Two gas meters; 1 Coin Washer & 1 Coin Dryer; Separate hydro meters; Roof -12 yrs old (approx); All electric light fixtures (not belonging to Tenant) 6 fridges, 6 stoves.
The address 587 Danforth Road was listed for sale (MLS# E13216158) on Friday, May 29, 2026.
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107.13 x 130 ft lot
