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MLS® E13602090
Old East York, Toronto, ON
478 Cosburn Avenue presents a rare opportunity to acquire a versatile mixed-use property offering immediate income and long-term upside. Ideal for investors seeking to lease both the commercial and residential components, or owner-users looking to occupy the vacant main-floor space while offsetting occupancy costs with the existing residential rental income. The extensively renovated main-floor commercial unit is vacant and available for immediate occupancy, featuring an impressive reception area, six private offices, updated flooring, recessed pot lighting, and a functional layout that can easily accommodate office, medical, retail, or service-commercial uses. The finished lower level includes a washroom, bank vault, and generous storage space. The upper level offers a self-contained two-bedroom apartment with a separate entrance, providing independent rental income. Three separate hydro meters and one gas meter simplify utility management. Two surface parking spaces are located at the rear via laneway access. Situated on one of East York's established commercial corridors in Danforth Village-East York, the property enjoys excellent exposure, strong pedestrian and vehicular traffic, TTC transit at the doorstep, Coxwell Subway Station just minutes away, and quick access to the Don Valley Parkway. C-Commercial zoning permits a broad range of commercial and residential uses, making this an exceptional opportunity for investors and owner-occupiers alike. Buyer and Buyer's Representative to verify all measurements, zoning, permitted uses, and all other information deemed important to the Buyer.
Broker
RE/MAX HALLMARK REALTY LTD.
Neighbourhood
Old East York
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Investment
478 Cosburn Avenue Toronto
Old East York
Type
Investment
Parking
Outside/Surface
Property Tax
~$8,011/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
2644 sqft
Parking
Outside/Surface
Finances
List Price
$1,199,000
Price per SQFT
$453/sqft
Property Tax
~$8,011/yr
Property Specs
Property Type
Investment
MLS Size
2644 sqft
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
Old East York
Listed On
Jul 23, 2026
Days on Market
Current: 107 days
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