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Address
1415 Gerrard Street E, Toronto, ON
Price
$ 3,749,990
Property Attributes
  • MLS#E12971250
  • TypeSingle Family
  • Listing Status Price Change
  • CityToronto
  • AreaGreenwood-Coxwell
  • NeighbourhoodGreenwood-Coxwell
  • Postal CodeM4L 1Z5
  • Style
  • Taxes$ 1330000
  • Price$ 3,749,990
  • Bedrooms11
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5000 +
Data Source:
Toronto Real Estate Board (TRREB)
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!

Price History
4/8/2026 Listed $4,295,000
5/12/2026 3$4,195,900
6/22/2026 5$3,999,990
8/11/2026 6$3,799,990
9/3/2026 2$3,749,990

General Features

Sewer Sewer
Cooling Other
Roof Flat
Architectural Style Other
Pool Features None
Construction Materials Aluminum Siding,Metal/Steel Siding
Parking Spaces 3
Property Subtype Other
Tax Year 2025
Lot Depth 114.78
County Toronto
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status Price Change
City Toronto E01
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 1330000.0
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 6 PL 1357 TORONTO PT 1 63R3461; S/T CA716292; CITY OF TORONTO

Interior Features

Interior Amenities Other
Basement Full,Partially Finished
Heat Source Electric
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 11
Elevator? No
Total Baths 8
Bedrooms 11
Living Area Range 5000 +

Exterior Features

Parking Features Lane
Total Parking 3.0
Garage Type None
Foundation Details Poured Concrete
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in M4L 1Z5

Price
AVG $3.75M
$3.75M
Taxes
AVG $1,330,000
$1,330,000
Visits
AVG 431
428
Data Provided by Inside Real Estate®