1415 Gerrard Street E, Toronto, ON M4L 1Z5, Toronto E01, ON
7260.0 sqft
Turn-key mixed-use investment opportunity in prime downtown Toronto (1 Commercial + 5 Residential). Fully renovated building featuring a large main-floor commercial unit with a full basement plus five high-end residential apartments above. Situated on a high-exposure corner lot with over 7,000 sq. ft. of leased space and three on-site parking spaces, this is a low-maintenance, cash-flowing asset ideal for investors. The government-subsidized daycare tenant has recently signed a 10-year lease extension with scheduled rent increases from $32.00 to $44.00 per sq. ft. net over the lease term. All residential units are exempt from rent control, allowing annual rent increases as permitted under Ontario's post-November 2018 rules. The property currently generates approximately $220,000 NOI with a 5.54% cap rate, increasing to approximately $230,000 NOI and a 5.78% cap rate next year through scheduled rent increases. The seller is offering a 75% Vendor Take-Back (VTB) mortgage at 6.49% interest, fully open for two years to qualified buyers, allowing for positive cash flow while servicing debt. Simply acquire and enjoy this fully upgraded, income-producing asset. Contact us today for the full listing package!
Property Highlights
For Sale
MLS NO.
E12890406
Type
Commercial
Sub Type
Commercial Retail
Square Footage
7260.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12890406
Security Features
Yes
Lot Width
17.53
Lot Size Units
SquareFeet
Garage Type
None
Cooling
Yes
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1415 Gerrard Street E, Toronto, ON M4L 1Z5
City
Toronto E01
Neighbourhood
Greenwood-Coxwell
County / Region
Toronto
Province / State
ON
Postal Code
M4L 1Z5
Cross Street
Hiawatha Rd
Directions
Gerrard St E & Hiawatha Rd
Country
CA
List Price
$3,999,990
Annual Taxes
$20,361
Tax Year
2025
Legal Description
PT LT 6 PL 1357 TORONTO PT1 63R3461; S/T CA716292; CITY OR TORONTO
Possession Type
Flexible
Possession Details
Flexible
Listing Office
REALTY NETWORK
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-17T13:28:02Z
Media Updated
2026-07-13T16:59:48Z
Photos Updated
2026-03-28T22:39:40Z
Last Modified
2026-07-13T16:59:48Z
System Modified
2026-07-13T16:59:48.669274Z
MLS Status
Price Change
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-12-31
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210380605
Public Remarks
Turn-key mixed-use investment opportunity in prime downtown Toronto (1 Commercial + 5 Residential). Fully renovated building featuring a large main-floor commercial unit with a full basement plus five high-end residential apartments above. Situated on a high-exposure corner lot with over 7,000 sq. ft. of leased space and three on-site parking spaces, this is a low-maintenance, cash-flowing asset ideal for investors. The government-subsidized daycare tenant has recently signed a 10-year lease extension with scheduled rent increases from $32.00 to $44.00 per sq. ft. net over the lease term. All residential units are exempt from rent control, allowing annual rent increases as permitted under Ontario's post-November 2018 rules. The property currently generates approximately $220,000 NOI with a 5.54% cap rate, increasing to approximately $230,000 NOI and a 5.78% cap rate next year through scheduled rent increases. The seller is offering a 75% Vendor Take-Back (VTB) mortgage at 6.49% interest, fully open for two years to qualified buyers, allowing for positive cash flow while servicing debt. Simply acquire and enjoy this fully upgraded, income-producing asset. Contact us today for the full listing package!
