Marlo and Cathy Logo
$3,749,990
( $516.53Per Sq Foot )
 $20,131 est/mo Sourced by Back At You

1415 Gerrard Street E,Toronto, ON M4L 1Z5

Toronto, 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 #40812208
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site222
Listing Provided ByRealty Network | Adam Colalillo

Features

SQ Feet7,260
BasementY
Story(s)3
ZoningCR2 (cl;r2*1573)
Acreage0.05

Interior

Cooling Yes / NoNo

Exterior

Lot FeaturesAmple Parking, Business Centre, City Lot, Hospital, Public Transit, Rail Access, Schools, Visual Exposure
Construction MaterialsAluminum Siding, Stucco
Foundation DetailsBlock, Poured Concrete, Stone

Parking

Parking FeaturesAsphalt
Attached Garage Yes / NoNo

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerSewer (Municipal)

Taxes

Tax Annual Amount20361.16

Area Information

ProvinceON
CountyToronto
CityToronto
Postal CodeM4L 1Z5
AreaTE01 Toronto East
SubareaTEGC Greenwood Coxwell
Community NameTEGC Greenwood Coxwell
Listing VS Median (in TEGC Greenwood Coxwell)
Price:
$3,749,990
low | high
Med:
$3,749,990
50% of Average
sqft:
7,260
low | high
Med:
6,903
54.924242424242% of Average
$ / sqft:
$517
low | high
Med:
$545
44.53781512605% of Average
On site:
222
low | high
Med:
211
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Marlo Drennan

Marlo Drennan

Coldwell Banker Community Professionals

4753840 (905) 484-1400marlo-drennan@coldwellbanker.ca
ProvinceON
CountyToronto
CityToronto
Postal CodeM4L 1Z5
AreaTE01 Toronto East
SubareaTEGC Greenwood Coxwell
Community NameTEGC Greenwood Coxwell
Listing VS Median (in TEGC Greenwood Coxwell)
Price:
$3,749,990
low | high
Med:
$3,749,990
50% of Average
sqft:
7,260
low | high
Med:
6,903
54.924242424242% of Average
$ / sqft:
$517
low | high
Med:
$545
44.53781512605% of Average
On site:
222
low | high
Med:
211
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.812M - $4.687M
sqft: 5,000 - 9,000
Nearby Listings Property ImageNearby Listings Details
1415 Gerrard Street E Property Photo 1
$3,749,990
1415 Gerrard Street E
Toronto, ON M4L 1Z5
Listing Updated: September 29, 2026 at 3:48:35 AM PDT

Marlo and Cathy