Whitney Collins-Wilson, ASA - Sutton Logo
$3,799,990
 $20,399 est/mo Sourced by Back At You

1415 Gerrard Street E,Toronto, ON M4L1Z5

Toronto, ON M4L1Z5

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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! (id:13843)

Details

MLS #40817959
Listing TypeFor Sale
StatusActive
Days On Site136
Listing Provided ByRealty Network | Adam Colalillo

Features

Bed(s)11
Bath(s) 8 Total
SQ Feet8,075
BasementY
Story(s)3
Units6
ZoningCR2(c1;r2*1573)

Exterior

Lot FeaturesPaved driveway

Parking

Parking Total3

Taxes

Tax Annual Amount1330000

Area Information

ProvinceON
CityToronto
Postal CodeM4L1Z5
Community NameTEGC Greenwood Coxwell
Listing VS Median (in TEGC Greenwood Coxwell)
Price:
$3,799,990
low | high
Med:
$3,799,990
50% of Average
sqft:
8,075
low | high
Med:
7,668
55.046439628483% of Average
$ / sqft:
$471
low | high
Med:
$497
44.387052341598% of Average
On site:
136
low | high
Med:
147
92.517006802721% of Average
Sourced by Back At You

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Learn More About This Property

Whitney Collins-Wilson

Whitney Collins-Wilson

Sutton Group - Heritage Realty Brokerage

Sales Representative, (905) 626-5713wcollins@sutton.com
ProvinceON
CityToronto
Postal CodeM4L1Z5
Community NameTEGC Greenwood Coxwell
Listing VS Median (in TEGC Greenwood Coxwell)
Price:
$3,799,990
low | high
Med:
$3,799,990
50% of Average
sqft:
8,075
low | high
Med:
7,668
55.046439628483% of Average
$ / sqft:
$471
low | high
Med:
$497
44.387052341598% of Average
On site:
136
low | high
Med:
147
92.517006802721% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.849M - $4.749M
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
1415 GERRARD Street E Property Photo 1
$3,799,990
1415 Gerrard Street E
Toronto, ON M4L1Z5
Listing Updated: August 9, 2026 at 1:50:01 PM PDT