Space
Finished area and layout
- Building Area
- 7,260 sqft
- Bedrooms
- 11
- Bathrooms
- 8
+65 more
11
Bedrooms
8
Bathrooms
7,260 sqft
Building Area
3
Parking
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- commercial retail / Mixed Use
- Ownership
- Freehold
Lot
About This Property
This 11-bedroom, 8-bathroom commercial retail in Toronto offers 7,260 sqft of building area. The property has zoned CR2 (cl;r2*1573). The home features yes.
MLS Remarks
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!
Full Listing Details
Address1415 Gerrard Street E, Toronto, ON M4L 1Z5
MLS#E12971250
Listing StatusPrice Change
Property TypeCommercial
Sub-TypeCommercial retail
TransactionSale
List DateApr 7, 2026
Days on Market202
Common InterestFreehold
Annual Tax$20,361 (2025)
Parking3
Possession DetailsFlexible
StyleMixed Use
Bedrooms11
Bathrooms8
Bedrooms Above Grade11
Kitchens5
CityToronto
ProvinceOn
Postal CodeM4L 1Z5
ZoningCR2 (cl;r2*1573)
Total Parking3
CoolingYes
SecurityYes
UtilitiesYes
Annual Tax$20,361 (2025)
Gerrard St E & Hiawatha Rd
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