1415 Gerrard Street E,Toronto E01, ON M4L 1Z5
Toronto E01, ON M4L 1Z5
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 # | E12971250 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 193 |
| Listing Provided By | REALTY NETWORK | E12971250 326001 |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Acreage | 0.05 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Other |
| Heat Source | Electric |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Aluminum Siding, Metal/Steel Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lane |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 1330000 |
|---|---|
| Tax Legal Description | PT LT 6 PL 1357 TORONTO PT 1 63R3461; S/T CA716292; CITY OF TORONTO |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E01 |
| Postal Code | M4L 1Z5 |
| Area | Greenwood Coxwell |
| Listing VS Median (in M4L 1Z5) | |
Price: $3,749,990 low | high Med: $2,474,994 On site: 193 low | high Med: 185.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E01 |
| Postal Code | M4L 1Z5 |
| Area | Greenwood Coxwell |
| Listing VS Median (in M4L 1Z5) | |
Price: $3,749,990 low | high Med: $2,474,994 On site: 193 low | high Med: 185.5 | |
