1415 Gerrard Street

Toronto, ON M4L 1Z5 ( Greenwood-Coxwell)

Quick Facts

Type: Other

Style: Other

Size: Sq Ft

Age: Years

Taxes: $ 1,330,000 ( 2025)

Updated: 2026-08-11 19:08:57

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!

Extras

Other

Property

Status: For Sale

MLS #: E12971250

Price: $ 3,799,990

Address: 1415 Gerrard Street

Type:

Style: Other

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 1,330,000

Tax Year: 2025

Lot Size:

Neighbourhood: Greenwood-Coxwell

Nearest Intersection: Hiawatha Rd

City: Toronto

Postal Code: M4L 1Z5

DOM: 8 Days

Last Update: 2026-08-11 19:08:57

Building

Interior

Bedrooms: 11

Bathrooms: 8

Rooms: 0

Kitchens: 5

Family Room:

Fireplace:

Basement: Full Partially Finished,

Central Vacuum:

Exterior

Exterior: Aluminum Siding Metal/Steel Siding,

Driveway:

Garage: Lane

Garage Spaces:

Parking Spaces: 3.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type:

Heat Source: Electric

Air Conditioning: Other

Water:

Sewers:

Features

Rooms