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1311 Pape Avenue
Danforth Village-East York Toronto M4K 3W9

$4,688,888 /For Sale
Commercial

Main Photo: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
Photo 1: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
Photo 2: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
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Photo 4: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
Photo 5: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
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Photo 49: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
Photo 50: 1311 Pape Avenue in Toronto: Danforth Village-East York Commercial for sale (Toronto E03)  : MLS®# E13181652
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13181652
Bus Major:
Apts - 6 To 12 Units
Prime Riverdale / Danforth Investment Opportunity. Rare Fully Rebuilt Down-To-The-Studs 10-Unit Victorian Apartment Building In One Of Toronto's Most Desirable East-End Rental Corridors. Featuring 10 Fully Vacant Self-Contained Suites Comprised Of 8 Spacious One-Bedroom Units And 2 Large Two-Bedroom Units, Offering Investors Complete Flexibility With Tenant Selection And Rental Positioning From Day One.Extensively Renovated With New Plumbing, New Electrical Throughout, New Furnace & Updated Mechanical Systems, Energy-Efficient Windows & Doors, Modern Fire-Rated Construction, Smart Main Building Entry System, Security Cameras Throughout, Contemporary Kitchens & Bathrooms, Frameless Glass Showers, Premium Flooring, Pot Lights And High-End Finishes Throughout. All 10 Suites Are Equipped With Refrigerators, Gas Stoves And Microwaves, Providing A Fully Functional Turnkey Residential Setup, While Preserving The Original Brick Exterior And Historic Character.Large Lot Featuring 12 Surface Parking Spaces, Attractive Outdoor Space With Potential Tenant Lounge / Garden Area, Separately Metered Hydro And Strong Long-Term Rental Appeal In A High-Demand Location.Walking Distance To TTC, Danforth Shops, Restaurants, Parks & Everyday Amenities. Future Transit And Infrastructure Improvements In The Area May Further Enhance Long-Term Accessibility And Tenant Demand.A Rare Turnkey Multi-Residential Asset Offering Modern Infrastructure, Minimal Deferred Capital Expenditure Expectations And Strong Investment Fundamentals In One Of Toronto's Most Established Rental Markets.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
0 sq. ft. Square Feet
Total Area:
0.27 sq. ft.
Lot Depth:
111'7"
Lot Frontage:
107'
Lot Details:
107.00 x 111.56 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
R1C (Rd)
Heating type:
Water Radiators
Cooling:
No
Garage:
None
Parking Spaces:
12
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$20,665.49 / 2025
Assessment:
$- / -
Toronto
Toronto E03
Danforth Village-East York
Public Transit, Major Highway
Yes
10 Units, 10 fridges, 10 stoves, owned 2 new (2020)water Tanks, owned furnace. each Tenant has own Tenant installed
UFFI:
No
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 27, 2026
Original Price:
Previous Price:
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Listed by BAY STREET GROUP INC.
Data was last updated May 28, 2026 at 02:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.