1415 Gerrard Street E, Toronto, ON M4L 1Z5, Toronto E01, ON
Bed 11
Bath 8
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.
E12971250
Type
Residential Freehold
Sub Type
Other
Bedrooms
11
Bathrooms
8
Parking
3.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Other
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12971250
Living Area Range
5000 +
Total Bedrooms
11
Bedrooms Above Grade
11
Total Bathrooms
8
Total Kitchens
5
Kitchens Above Grade
5
Rooms Above Grade
0
Interior Features
Other
Central Vacuum Yn
No
Construction
Aluminum Siding, Metal/Steel Siding
Roof
Flat
Lot Width
17.5
Lot Size Units
SquareFeet
Parking Features
Lane
Parking Total
3.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Other
Heat Source
Electric
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
$1,330,000
Tax Year
2025
Legal Description
PT LT 6 PL 1357 TORONTO PT 1 63R3461; S/T CA716292; CITY OF TORONTO
Possession Type
Flexible
Possession Details
Flexible
Listing Office
REALTY NETWORK
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-08T15:59:32Z
Media Updated
2026-07-13T17:00:44Z
Photos Updated
2026-04-08T15:59:33Z
Last Modified
2026-07-13T17:00:44Z
System Modified
2026-07-13T17:00:44.421116Z
MLS Status
Price Change
Architectural Style
Other
Basement
Full, Partially Finished
Ddfyn
Yes
Expiration Date
2027-01-30
Foundation Details
Poured Concrete
Heat Source Multi
Electric
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210380605
Parking Spaces
3
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!
