The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
PRIME DANFORTH AVENUE LOCATION IN THE HEART OF GREEKTOWN! Excellent opportunity approximately 1400 sq. ft. plus basement at 372 Danforth Ave, just steps from Chester Subway Station. Highly walkable and transit-connected location surrounded by restaurants, cafés, retail, fitness/wellness and established residential neighbourhoods. The premises is currently operating as La Diperie, offering an opportunity for a qualified operator to continue with the existing ice cream/dessert business or bring their own concept. Landlord is open to a change of concept, subject to landlord approval and all applicable municipal, zoning and licensing requirements. Ideal for a restaurant, café, dessert shop, takeout, specialty food business or other permitted use. Basement included in monthly rent. Water included in TMI. Separate hydro meter. One parking space available at additional cost. Excellent opportunity to establish or continue a business in one of Toronto's best-known food, dining and entertainment districts. The Danforth is also home to the annual Taste of the Danforth, a major Toronto food and cultural festival attracting a large regional audience. Continue the existing concept or bring your own vision to this prime Danforth location!
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$370/mo
Mortgage (principal + interest)$370
Minimum $4,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$19,800
Ontario land transfer taxProvincial brackets, no first-time refund$715
Toronto land transfer taxMunicipal brackets, no first-time refund$715
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$24,030
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
