Homula Realty Brokerage
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.

3475-3491 Danforth Avenue, Toronto, ON M1L 1E2

Industrial
$9,995,000

Freestanding Industrial/ Commercial Building With Approximately 25,400 Sq. Ft. Of Useable Area And Well Positioned Along The Danforth Corridor Offering The Perfect User Or Investor Opportunity. Featuring 243 Ft. Of Frontage Along Danforth Ave. And Sitting On 0.76 Acres Of Land, The Site Offers Incredible Main Street Exposure For A Variety Of Retail, Industrial, Or Commercial Uses. Current Building Configuration Consists Of Two Large Warehouse Spaces, Each With 20 Ft. Ceilings, 2nd Floor And Mezzanine, Multiple Entrances And Loading Areas Allowing For Subdivision With Access From Leyton Ave. And Ample Parking For 40+ Cars. Mixed-Use Zoning As Per City Of Toronto OP Allows For Future Residential Development Potential. Transit Friendly Location With Victoria Park Subway Within Walking Distance, And Close Proximity To Scarborough GO and Danforth GO.

MLS number
E13762412
Type
Industrial
Status
Active
Bedrooms
Bathrooms
Postal code
M1L 1E2
Photos
21
Property tax
$58,878 / year
2days · this listing
2days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

2 days on the market across 2 listings

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Oakridge Junior Public School6.1 / 10
Elementary · Regular Track
TDSB boundary
Samuel Hearne Middle School
Intermediate · Regular Track
TDSB boundary
Birchmount Park Collegiate Institute5.4 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Taylor Creek Public School
Toronto DSB
Elementary690 m4.1 / 10
41% met the standard
Samuel Hearne Public School
Toronto DSB
Elementary610 m4.7 / 10
47% met the standard · 3 of 6 measures
St Dunstan Catholic School
Toronto CDSB
Elementary651 m7.3 / 10
73% met the standard
Birch Cliff Public School
Toronto DSB
Elementary877 m6.8 / 10
68% met the standard
Blantyre Public School
Toronto DSB
Elementary1.2 km7.1 / 10
71% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 820 people.

$75,500Median household income
57.8%Own their home
52.1%Detached houses
51.6Median age
39.8%Born outside Canada
32.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35203509 — the few blocks around this address, home to 820 people. It describes the area, not this property.

820Population
51Average age
2.6Household size
$86,000Average household income
$75,500Median household income
58%Own their home
42%Rent
0%Condominiums
40%Born outside Canada
32%University degree
$800,000Average home value
13%Low income
49%Not in the labour force
30%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9997%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over25%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over3%

Percentages are of the 335 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,999,000 · minimum here is $1,999,000
$44,255.70per month
Borrowed before insurance$7,996,000
Total borrowed$7,996,000
Interest over 25 years at 4.5%$5,280,709

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$32,504.20per month out of pocket
Rent$16,658.00
Everything it costs to hold$49,162.20
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 2 still in progress.

3312 DANFORTH AVE387 m
Under Review · applied April 7, 2025

Construction of a new 10 Storey Mixed-Use Commercial/Residential building with 6979.51 m2 of Residential GFA and 72 residential units.

City planning file →
3359 DANFORTH AVE454 m
NOAC Issued · applied December 15, 2016

Proposed redevelopment of a former KFC restaurant site with a new 7-storey mixed use building containing 19 residential units (GFA of 2,199 m2) and commercial space on the ground floor (93 m2).…

City planning file →
46 SCOTIA AVE241 m
Closed · applied March 3, 2015

Proposal to amend the site specific Place of Worship (PW) zoning established in 1961 in order to legalize the existing two-family dwelling residential use having one parking space in the rear yard accessed by a minimum 2.43 m wide driveway.…

35 DANFORTH RD98 m
Closed · applied December 22, 2014

Site plan application proposes 4-storey residential stacked townhouses arranged in four blocks totaling 116 dwelling units.

City planning file →
45 DANFORTH RD73 m
Closed · applied December 22, 2014

Rezoning application proposes the demolition of the existing restaurant/banquet hall and the construction of 116 stacked townhouses in four buildings with underground parking.…

40 DANFORTH RD82 m
Approved · applied January 2, 2013

Part lot control application to create 8 townhouse lots with shared mutual fire corridor at rear of building.Note: staff did not want the part lot control by-law to be enacted until a shared access agreement was entered into (K.Dynes October 8, 2019-discussion…

40 DANFORTH RD82 m
Closed · applied June 15, 2012

To construct eight 4-storey townhouses, each with an enclosed garage.

40 DANFORTH RD82 m
Closed · applied August 17, 2011

Proposal is to construct eight 4-storey townhouses, each with an enclosed garage.

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by SOURCE 4 REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.