1485 Gerrard Street E, Toronto
1485 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in thevibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-levelresidential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare landassembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterialroad. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residentialbuild in a city actively pushing for density along established streetcar and transit routes.Currently tenanted by a stable, reliable business,providing predictable, long-term commercial income with an established footprint in the neighbourhood. Unlike standard compact cityapartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroomlayout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one ofToronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavilyfrom upcoming transit expansions, including the future Ontario Line which will feature a major transit hub slightly west at Gerrard and Carlaw.The City of Toronto is prioritizing the Gerrard Street East corridor for ongoing revitalization, bringing upgraded streetscapes, pedestrianimprovements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard IndiaBazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premiumresidential tenant demand (id:1945)
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Property details for 1485 Gerrard Street E, Toronto
- Type
- Commercial
- Living Area
- 2,800 square feet
- Lot Size
- Bldg=16.33 x 100 FT
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
- Annual Taxes
- $9,704
Nearby Listings Stat
Estimated price and comparable properties near 1485 Gerrard Street E
Active Listings
382
Min Price
$29,000
Max Price
$6,995,000
Avg Price
$1,305,842
Days on Market
47
days
Sold Listings
240
Min Sold Price
$60,000
Max Sold Price
$3,498,000
Avg Sold Price
$1,143,082
Days until Sold
40
days
Neighbourhood Census Data
Toronto, Ontario
Population
498
Median Age
36.8
Median Income
$21,760
Dwelling Value
$642,627
Housing Tenure
Owners 35%
Renters 65%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 11,241.5/km²
Avg Shelter Cost: $1,747/mo
Owners with Mortgage: 78.6%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 45.8%
English only: 84.8%
English and French: 9.1%
Neither: 6.1%
Median Household Income: $51,328
Median Employment Income: $30,016
Price History
Listed
October 20, 2026
by RE/MAX HALLMARK REALTY LTD.
Current Price
$1,300,000
-12.8% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,300,000 | $190,000 (-12.8%) |
| Oct 23, 2026 | $1,490,000 | Listed |
