$3,499,990
( $482.09Per Sq Foot )
 $18,789 est/mo Sourced by Back At You

1415 Gerrard Street E,Toronto E01, ON M4L 1Z5

Toronto E01, ON M4L 1Z5

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Description

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!

Details

MLS #E12890406
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Year0
Days On Site233
Listing Provided ByREALTY NETWORK | E12890406 326001

Features

SQ Feet7,260
Acreage0.17

Interior

CoolingYes

Exterior

Community FeaturesPublic Transit
Security FeaturesYes

Utilities

UtilitiesYes

Taxes

Tax Annual Amount20361.16
Tax TypeAnnual
Tax Legal DescriptionPT LT 6 PL 1357 TORONTO PT1 63R3461; S/T CA716292; CITY OR TORONTO
Tax Year2025

Area Information

ProvinceON
CountyToronto
CityToronto E01
Postal CodeM4L 1Z5
AreaGreenwood Coxwell
Listing VS Median (in M4L 1Z5)
Price:
$3,499,990
low | high
Med:
$2,349,994
82.857108163166% of Average
sqft:
7,260
low | high
Med:
4,830
83.471074380165% of Average
$ / sqft:
$482
low | high
Med:
$491
48.142752193578% of Average
On site:
233
low | high
Med:
203.5
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

JESSICA CHRISTINA ALMEIDA

JESSICA CHRISTINA ALMEIDA

Coldwell Banker The Real Estate Centre

 (416) 997-6255jessica.almeida@wearetrec.com
ProvinceON
CountyToronto
CityToronto E01
Postal CodeM4L 1Z5
AreaGreenwood Coxwell
Listing VS Median (in M4L 1Z5)
Price:
$3,499,990
low | high
Med:
$2,349,994
82.857108163166% of Average
sqft:
7,260
low | high
Med:
4,830
83.471074380165% of Average
$ / sqft:
$482
low | high
Med:
$491
48.142752193578% of Average
On site:
233
low | high
Med:
203.5
100% of Average
Sourced by Back At You
Listing Updated: November 4, 2026 at 9:27:45 AM PST