1395 Gerrard Street E, Toronto E01, ON M4L 1Z3, Toronto E01, ON
Bed 23
Bath 12
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.
E12103997
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
23
Bathrooms
12
Parking
7.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12103997
Living Area Range
5000 +
Total Bedrooms
23
Bedrooms Above Grade
23
Total Bathrooms
12
Total Kitchens
20
Kitchens Above Grade
20
Rooms Above Grade
37
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Security Features
Carbon Monoxide Detectors, Smoke Detector
Construction
Brick
Roof
Unknown
Lot Width
50.0
Parking Features
Other
Parking Total
7.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
None
Heat Source
Other
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
2025-04-25T14:47:04Z
Media Updated
2025-12-12T22:08:50Z
Photos Updated
2025-08-23T00:24:54Z
Last Modified
2026-01-12T15:45:16Z
System Modified
2026-01-12T15:45:16.127993Z
MLS Status
Extension
Architectural Style
Other
Basement
Finished
Co List Office Name
Signature Elite Realty Ltd.
Ddfyn
Yes
Expiration Date
2026-03-30
Foundation Details
Unknown
Heat Source Multi
Other
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.
