185 Gerrard Street E, Toronto, ON M5A 2E5, Toronto C08, ON
This is a rare, shovel-ready vacant lot located at 185 Gerrard Street East in the heart of downtown Toronto, fully zoned (RM) and approved for a 4-storey residential development featuring 28 self-contained microunits. All architectural drawings, site plans, and permits are in place, allowing for immediate construction. Ideally positioned just steps from Toronto Metropolitan University (TMU), George Brown College, major hospitals like St. Michaels and SickKids, and within walking distance to the Financial District, this property is perfectly suited for student housing, hospital staff residences, or young professionals seeking affordable, efficient urban living. Each unit is thoughtfully designed with modern layouts to meet the high demand for compact residential spaces. With exceptional walk, transit, and bike scores, and close proximity to public transit, parks, and daily amenities, this development offers significant rental upside and long-term value. Whether you're a developer looking to build and hold, an investor seeking strong rental returns, or a joint venture partner looking to collaborate on a turn-key downtown project, this site presents an outstanding opportunity in one of Torontos most supply-constrained and growth-oriented neighborhoods.
Property Highlights
For Sale
MLS NO.
C12310850
Type
Residential Freehold
Sub Type
Vacant Land
Complete Property Details
Property Type
Residential Freehold
Sub Type
Vacant Land
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
C12310850
Total Bedrooms
0
Total Bathrooms
0
Total Kitchens
0
Central Vacuum Yn
No
Lot Width
14.45
Lot Size
0.05
Direction Facing
South
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
185 Gerrard Street E, Toronto, ON M5A 2E5
City
Toronto C08
Neighbourhood
Moss Park
County / Region
Toronto
Province / State
ON
Postal Code
M5A 2E5
Cross Street
Gerrard St. E. and Sherbourne St.
Directions
Vacant Lot
Country
CA
List Price
$3,499,000
Annual Taxes
$2,768
Tax Year
2025
Legal Description
Lot
Possession Type
Flexible
Listing Office
HIGH POINT REALTY LIMITED
Board
Toronto Regional Real Estate Board
Original Entry
2025-07-28T15:54:08Z
Media Updated
2025-07-28T15:54:09Z
Photos Updated
2025-07-28T15:54:09Z
Last Modified
2025-12-26T23:11:00Z
System Modified
2025-12-26T23:11:00.556984Z
MLS Status
Terminated
Co List Office Name
HIGH POINT REALTY LIMITED
Ddfyn
Yes
Expiration Date
2026-01-31
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
211000141
Public Remarks
This is a rare, shovel-ready vacant lot located at 185 Gerrard Street East in the heart of downtown Toronto, fully zoned (RM) and approved for a 4-storey residential development featuring 28 self-contained microunits. All architectural drawings, site plans, and permits are in place, allowing for immediate construction. Ideally positioned just steps from Toronto Metropolitan University (TMU), George Brown College, major hospitals like St. Michaels and SickKids, and within walking distance to the Financial District, this property is perfectly suited for student housing, hospital staff residences, or young professionals seeking affordable, efficient urban living. Each unit is thoughtfully designed with modern layouts to meet the high demand for compact residential spaces. With exceptional walk, transit, and bike scores, and close proximity to public transit, parks, and daily amenities, this development offers significant rental upside and long-term value. Whether you're a developer looking to build and hold, an investor seeking strong rental returns, or a joint venture partner looking to collaborate on a turn-key downtown project, this site presents an outstanding opportunity in one of Torontos most supply-constrained and growth-oriented neighborhoods.
