1395 Gerrard Street E, Toronto E01, ON M4L 1Z3, Toronto E01, ON
11000.0 sqft
This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2026, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2026. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.
Property Highlights
For Sale
MLS NO.
E12103855
Type
Commercial
Sub Type
Store W Apt/Office
Square Footage
11000.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Store W Apt/Office
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12103855
Security Features
No
Lot Width
50.0
Garage Type
Other
Cooling
Partial
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1395 Gerrard Street E, Toronto E01, ON M4L 1Z3
City
Toronto E01
Neighbourhood
Greenwood-Coxwell
County / Region
Toronto
Province / State
ON
Postal Code
M4L 1Z3
Cross Street
Gerrard St E & Greenwood
Directions
East on Gerrard St from Greenwood
Country
CA
List Price
$5,795,000
Annual Taxes
$23,858
Tax Year
2024
Legal Description
LT 11 PL 1357 TORONTO; CITY OF TORONTO
Possession Type
30-59 days
Possession Details
30-60 days/Flex
Listing Office
Signature Elite Realty Ltd.
Board
Toronto Regional Real Estate Board
Original Entry
2025-04-25T14:20:55Z
Media Updated
2025-12-12T22:08:18Z
Photos Updated
2025-08-23T00:20:13Z
Last Modified
2026-01-12T15:44:33Z
System Modified
2026-01-12T15:44:33.911493Z
MLS Status
Extension
Basement Yn
Yes
Co List Office Name
Signature Elite Realty Ltd.
Ddfyn
Yes
Expiration Date
2026-03-30
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210370488
Parking Spaces
7
Public Remarks
This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2026, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2026. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.
