Danforth Property Management

The Danforth stretches along Danforth Avenue from Broadview Avenue on the west to Woodbine Avenue on the east, running above the Don Valley on the north side of the Prince Edward Viaduct. The corridor encompasses Greektown, Playter Estates, and Danforth Village, combining Victorian and Edwardian residential streets with a growing number of mid-rise and high-rise condo buildings along the avenue itself. Line 2 of the TTC subway runs directly beneath the street, placing seven stations within walking distance of the neighbourhood’s residential inventory. Successful Danforth property management needs to take all that into consideration when working on rental and management on behalf of investors.

The neighbourhood falls primarily under TRREB district E03 (Toronto E03) in the Toronto Regional Real Estate Board’s MLS system, with the western end near Broadview also coded under E01. Buttonwood Property Management, a Toronto property management company, has managed investment properties on the Danforth since 2011. Every tenancy we manage in the neighbourhood is subject to:

• Ontario Residential Tenancies Act

• Real Estate Council of Ontario (RECO)

• Ontario Human Rights Tribunal

• Ontario Building Code

• Ontario Fire Code

• Vacant Home Tax (City of Toronto)

• CRA’s Non-resident Tax Withholding on Rental Income (NR4/NR6)

History of the Danforth

The street is named after Asa Danforth Jr., an American contractor who designed the roads that became Queen Street and Kingston Road in the late eighteenth century. For more than a century, the Don Valley separated the Danforth from the rest of Toronto’s built fabric. That changed on October 18, 1918, when the Prince Edward Viaduct opened. The bridge, a 494-metre concrete-steel arch spanning 40 metres above the Don Valley, connected Bloor Street East to Danforth Avenue and catalyzed rapid residential development east of the river. The first suburban residents, arriving through the 1910s and 1920s, were largely immigrants from England, Ireland, and Scotland. The housing stock they built north and south of the avenue remains the foundation of the neighbourhood today.

Greek immigration reshaped the corridor beginning in the 1950s, following the Greek Civil War. By the 1970s and 1980s, the area had become the largest Greektown in North America, with roughly 65,000 residents of Greek descent living in the vicinity. In 1981, the Greektown Business Improvement Area was officially established, and in 1993 it was renamed “Greektown on the Danforth.” Bilingual blue-and-white street signs in Greek and English, installed in the summer of 1982, mark the corridor to this day. The Taste of the Danforth festival, launched in 1994 and inspired by the Taste of Chicago, grew into Canada’s largest street festival, drawing as many as 1.65 million visitors over three days each August.

Today the Danforth has evolved beyond its Greek enclave origins into a diverse residential corridor with independent restaurants, cafes, vintage shops, and family-oriented amenities, while the Hellenic cultural markers that defined the neighbourhood for half a century remain firmly in place.

Residential Buildings on the Danforth

The Danforth is predominantly a low-rise, character neighbourhood. Large condo towers are limited; most residential stock consists of Victorian and Edwardian semi-detached homes, walk-up apartments, and smaller boutique mid-rise buildings. The condo inventory that does exist is concentrated along the avenue itself.

• Linx Condos (286 Main Street). A 27-storey, 301-unit tower by Tribute Communities and Greybrook Realty Partners, completed in 2023. The tallest building on the Danforth corridor, located at the Main Street and Danforth Avenue intersection with ground-floor retail and commercial space.

• Danny Danforth Condos (2359 Danforth Avenue). A 10-storey, 140-unit building by Gala Developments, completed in 2024. Boutique-style condos with 9-foot ceilings, an eighth-floor common terrace, pet spa, and fitness room. Near Woodbine Station.

• Canvas Condos (2301-2315 Danforth Avenue). An 8-storey, 166-unit mid-rise by Marlin Spring Developments, completed in 2020. Mixed-use building in the Danforth Village corridor.

• Carmelina Condos (2055-2057 Danforth Avenue). A 12-storey, 140-unit building by Tre Memovia Inc., completed around 2015. Designed by TACT Architecture with suites ranging from 512 to 1,018 square feet.

• Platform Condos (1177 Danforth Avenue). A 9-storey, 102-unit building by Sierra Communities and Fortress Real Developments at the southwest corner of Danforth and Greenwood Avenue. Ground-level retail and a green roof. Steps from Greenwood Station.

Buildings Under Construction on the Danforth

Several large-scale projects are set to reshape the Danforth’s residential density over the coming years.

• 656 Danforth Avenue (656 Danforth Avenue, Toronto, ON M4J 1L1). A 49-storey, 496-unit tower by Del Boca Vista Properties, designed by Studio JCI. Steps from Pape Station. If built as proposed, it will be the tallest structure on the Danforth. Pre-construction.

• 985 Woodbine Avenue (985 Woodbine Avenue, Toronto, ON M4C 4B8). A two-tower development by Choice Properties REIT containing 402 units across a 14-storey and 8-storey tower, plus six townhomes. Includes a grocery market at ground level and a two-level underground parking garage. Pre-construction.

• Broadview and Danforth (682-742 Broadview Avenue, Toronto, ON M4K 2P1). A 35-storey, 503-unit development by Choice Properties REIT at the western gateway of the Danforth corridor. Includes approximately 2,000 square metres of retail, heritage home preservation, and pedestrian connections to the Don Valley trail system. Pre-construction.

Each new building adds rental inventory that requires professional oversight from day one. For landlords purchasing pre-construction units as investments, the management partner they select before occupancy will determine how the first year of tenancy unfolds.

Market Prices: Renting and Buying on the Danforth

What does it cost to rent or own on the Danforth? The data from MLS activity tracked through TRREB district E03 provides a clear picture for investors evaluating yield against acquisition cost.

Rental prices. The average monthly rent for a condo unit on the Danforth sits in the range of $1,900 to $2,200 for a one-bedroom and $2,400 to $2,800 for a two-bedroom. These figures sit below the downtown core but above the city-wide median, reflecting the corridor’s strong transit access and walkability. The Danforth’s rental market draws tenants who prioritize subway proximity and neighbourhood character over downtown proximity, and that preference tends to produce longer tenancies.

Sale prices. The average condo sale price in the E03 district sits at approximately $436,000 as of the most recent TRREB quarterly data, well below the city-wide condo average of approximately $627,000. The Danforth’s lower price point relative to downtown makes it an accessible entry for investors, though the corridor’s expanding supply from pre-construction projects means rental yields will depend increasingly on the quality of tenant screening and professional management.

Current Listings Managed by Buttonwood

Buttonwood manages rental properties across the Danforth’s residential buildings, from boutique mid-rises near Greenwood Station to recently delivered condo units at Danny Danforth. Current availability changes throughout the year; visit the Buttonwood listings page for up-to-date inventory.

How Tenants Commute from the Danforth

Walk Score data rates the Danforth at 97 out of 100 for walkability (Walker’s Paradise), 79 out of 100 for transit (Excellent Transit), and 83 out of 100 for cycling (Very Bikeable).

Public transit. Line 2 (Bloor-Danforth) runs directly beneath Danforth Avenue with seven stations between Broadview and Woodbine: Broadview, Chester, Pape, Donlands, Greenwood, Coxwell, and Woodbine. North-south bus routes on Broadview (route 8), Pape (route 72), Greenwood (route 31), and Coxwell (route 22) connect the corridor to neighbourhoods north and south. Broadview Station at the western end provides direct access to the downtown core via Line 2.

Cycling. The corridor’s flat terrain and surrounding residential streets contribute to its strong cycling score. Dedicated cycling infrastructure on Woodbine Avenue and surrounding east-end routes connects to the broader city network.

Driving. The Don Valley Parkway is accessible from Broadview Avenue at the western end of the corridor, providing north-south highway access for commuters heading to the 401 or the downtown core.

Schools on the Danforth

Families renting on the Danforth have access to TDSB schools within the corridor and its surrounding residential blocks.

Jackman Avenue Junior Public School (79 Jackman Avenue, JK-6) is located in Playter Estates, just south of Danforth Avenue near Chester Station.

Frankland Community School (816 Logan Avenue, JK-6) first opened in 1910 and was rebuilt in 1980 with a swimming pool, double gymnasium, daycare, and community centre. Located near Withrow Park.

Danforth Collegiate and Technical Institute (800 Greenwood Avenue, Grades 9-12) is a composite secondary school offering specialized programs in math, science, technology, and hospitality.

Michael Garron Hospital (Toronto East Health Network, 825 Coxwell Avenue), a full-service community hospital with an emergency department, is located approximately 1.2 kilometres from central Danforth, a five-minute walk from Coxwell Station.

How Buttonwood Manages Danforth Properties

Tenant screening is where outcomes are determined. The process Buttonwood uses was developed across thousands of tenancies throughout the GTA since 2011, and the result is six evictions in that entire period for non-payment of rent. These phenomenal results are driven by proprietary tenant screening processes and procedures that Buttonwood perfected over time.

Once a qualified tenant is placed, management covers rent collection, maintenance coordination, lease renewal tracking, and annual rent increase notices issued under the Ontario Residential Tenancies Act. Property owners based outside Canada benefit from our non-resident tax compliance services, including CRA withholding obligations and NR4/NR6 reporting on rental income.

The Danforth’s rental market attracts a broad mix of professionals, families, and long-term residents drawn to the corridor’s subway access, walkable commercial strip, and established neighbourhood character.

Working with Danforth Landlords

Landlords who own a condo unit on the Danforth, whether at Linx Condos, a unit at Platform Condos near Greenwood Station, or a recently delivered unit at Danny Danforth, are managing an asset along one of Toronto’s most transit-rich east-end corridors. The management partner they choose should reflect that.

Buttonwood delivers a value proposition that is affordable, carries the best reputation within the industry, and applies an uncommon level of expertise and ethical standard that both landlords and tenants deserve. More than 70% of our business comes through referrals.

• #1 Individual Associate – Units KW Canada 2025 – Top 5 Individuals (Keller Williams Portfolio Realty)
• Platinum Award 2024 (iPro Realty Ltd.)
• Platinum Award 2023 (iPro Realty Ltd.)
• Platinum Award 2022 (iPro Realty Ltd.)
• President’s Award 2021 (iPro Realty Ltd.)
• Platinum Award 2020 (iPro Realty Ltd.)
• President’s Award 2019 (iPro Realty Ltd.)
• Executive’s Club Award 2017 (Kingsway Real Estate Brokerage)
• 100 Percent Club Award 2016 (Kingsway Real Estate Brokerage)

Those are not marketing claims; they are measurable results over 14 plus years of rental and management services in The Greater Toronto Area.

A Neighbourhood That Rewards Careful Management

The Danforth’s combination of heritage streetscape, subway access, and established community infrastructure has sustained residential demand for over a century. The Taste of the Danforth festival, Greektown’s bilingual signage, Withrow Park, and the independent restaurant and retail strip along the avenue all contribute to the quality-of-life profile that draws stable, long-term renters to this corridor.

Vacancy risk on the Danforth is low. Tenant-selection risk is not. With projects like 656 Danforth Avenue proposing a 49-storey tower at Pape Station and the Broadview and Danforth development adding 503 units at the western gateway, the corridor’s rental inventory is expanding significantly. That growth makes disciplined screening and consistent management more important, not less. It is the part of Danforth property management that Buttonwood has spent 14 years getting right.

Our east-end portfolio extends beyond the Danforth. We manage investment properties in Leslieville to the south, Riverdale to the southwest, The Beaches to the southeast, Upper Beaches to the east, and East York to the north.

Contact Buttonwood to discuss management of your Danforth investment property. Whether you own a condo unit near a subway station or a recently delivered suite in one of the corridor’s newest buildings, we can provide a direct assessment of what your property requires.