Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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588 Danforth Avenue
Playter Estates-Danforth Toronto M4K 1R1

$1 /For Sale
Commercial

Main Photo: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 1: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 2: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 3: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 4: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 5: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 6: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 7: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 8: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 9: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 10: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
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Photo 21: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 22: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 23: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
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Photo 34: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 35: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 36: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
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Photo 38: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
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Photo 41: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 42: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 43: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 44: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Photo 45: 588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12335181
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12335181
Bus Major:
Other
Rarely offered gem on Danforth Ave + Completely rebuilt in 2011 with a 40 ft extension added in 2011 + Foundation underpinned and waterproofed (to the existing structure and extension) offering 7 ft ceiling height in the basement + Total 400 amp power upgrade + New sump pump; bone dry basement + All sewer pipes, drains, joists, electrical wiring, roof, foundation were all redone in 2011 + Property is built to code with original drawings available + Immaculate condition + Remarkable 120 ft deep lot 1. GROUND FLOOR FEATURES: Main entrance on Danforth Ave+ Walk-in freezer, commercial range hood, 9-foot ceilings, HRV ventilation system, 2 egress (front and back), 200 amps, access to lower level (two washrooms), and ample storage in the basement 2. UPPER LEVEL FEATURES: Main door entrance on Danforth Ave, 5 separate offices, 8 ft ceiling, separately rented, hardwood floor throughout (in pristine condition), 3-pc washroom in hallway, 2-pc washroom in the unit facing Danforth Ave, potential to convert into apartment suites (rough-in is in place), fire rated doors, 2 skylights in the hallway pouring with natural sunlight, 2 egress (front and back), 200 amps, 4 portable AC units (in addition to CAC), pot lights throughout, smooth ceilings and baseboard heating in each office 3. BASEMENT FEATURES: 2 separate basements partially finished (separate entrance); over 1000 sq ft of additional space and 7 ft height clearance (rare) + ADDITIONAL HIGHLIGHTS: 6 individual meters for hydro, central AC x 3 (2 on the main level and 1 upstairs), HRV x 2, sump pump, total of 4 washrooms with a rough-in to accommodate a 5th washroom, newer roof, newer furnace, 2 private parking spots, all HVAC and HRV systems are owned, no rental items! Steps to the subway and the future Ontario Line and new condo developments. Incredible opportunity!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
6-15
Total Area:
2700 sq. ft. Square Feet
Total Area:
2,700 sq. ft.
Retail Area:
1350 sq. ft. Sq Ft
Office/Apt Area:
1350 sq. ft. Sq Ft
Depth:
120'
Frontage:
16'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
2
Possession Details:
Immediate/tba
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$34,858.46 / 2025
Assessment:
$- / -
Toronto E03
Playter Estates-Danforth
Toronto
Yes
6 individual meters for hydro, central AC x 3 (2 on the main level and 1 upstairs), HRV x 2,sump pump, total of 4 washrooms with a rough-in to accommodate a 5th washroom, newer roof, newer furnace, 2 private parking spots, all HVAC and HRV systems are owned, no rental items!
None
No
UFFI:
No
Amperage:
400
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Condo Fee:
$0
Major Business Type:
Other
Category:
Retail
Franchise:
Yes
Employees:
0
Chattels:
Yes
LLBO:
No
Seats:
0
Number of Double Man Shipping Doors:
0
Number of Drive-In Level Shipping Doors:
0
Number of Grade Level Shipping Doors:
1
Number of Truck Level Shipping Doors:
0
Date Listed:
Aug 09, 2025
Original Price:
Previous Price:
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Listed by CENTURY 21 ATRIA REALTY INC.
Data was last updated August 31, 2025 at 02:15 AM (UTC)
DARYL  KING
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Why Choose a Commercial Residential Property?

Dual Income Potential – Earn from both residential tenants and commercial leases
Ideal for Business Owners – Live and work in the same space or rent one out
High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

lore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.