1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jacky Shen

Jacky Shen

+1(647) 409-1275
$ 3,749,990
Est. payment | /mo

11 Beds

8 Baths

Save
$ 3,749,990
Est. payment | /mo
Save

11 Beds

8 Baths

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Municipality Toronto E01

Subdivision Greenwood-Coxwell

MLS Listing ID E12971250

Style Other

Bedrooms 11

Annual Tax Amount $1,330,000

Tax Year 2025

Property Sub-Type Other

Property 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!

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Rooms

Basement Full, Partially Finished

Kitchen 5

Interior

Interior Features Other

Cooling Other

Heat Source Electric

Exterior

Parking Features Lane

Pool None

Roof Type Flat

Lot Frontage 17.5

Lot Depth 114.78

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Poured Concrete

Others

ParcelsYN No

Listed by REALTY NETWORK

Nearby Locations

Jacky Shen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 409-1275

jacky.shen@exprealty.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Jacky Shen, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

1415 Gerrard ST E