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I live not to far from The Danforth, but it never dawned on me to ask where the name came from. I found a website that details the history of the Danforth.

The street is named after Asa Danforth, the American contractor who was hired to cut the road in 1799. Although Asa was hired to do the job, it wasn't actually done until 1851.

Check out the website. It has a lot of interesting information.

http://www.thedanforth.ca/content/view/61/76/

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Q: Why is Danforth Avenue Toronto called The Danforth?
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