1415 Gerrard Street E, Toronto
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:1945)
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Property details for 1415 Gerrard Street E, Toronto
- Type
- Commercial
- Living Area
- 7,260 square feet
- Stories
- 3
- Basement
- Full
- Exterior
- Stucco, Aluminum siding
- Ownership
- Freehold
- Annual Taxes
- $20,361
Nearby Listings Stat
Estimated price and comparable properties near 1415 Gerrard Street E
Active Listings
356
Min Price
$45,000
Max Price
$6,995,000
Avg Price
$1,278,729
Days on Market
54
days
Sold Listings
158
Min Sold Price
$1
Max Sold Price
$3,995,000
Avg Sold Price
$1,166,699
Days until Sold
47
days
Neighbourhood Census Data
Toronto, Ontario
Population
398
Median Age
42.9
Median Income
$25,280
Dwelling Value
$753,610
Housing Tenure
Owners 65%
Renters 35%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 9,453.7/km²
Avg Shelter Cost: $1,776/mo
Owners with Mortgage: 68.2%
Owners Spending 30%+: 27.3%
Tenants Spending 30%+: 63.6%
English only: 86.3%
English and French: 8.8%
Neither: 3.8%
Median Household Income: $67,328
Median Employment Income: $45,824
Price History
Listed
March 17, 2026
by Realty Network
Current Price
$3,749,990
-1.3% from last change
Type
Commercial
For Sale
Price Changes
4
| Date | Price | Change |
|---|---|---|
| Current | $3,749,990 | $50,000 (-1.3%) |
| Sep 3, 2026 | $3,799,990 | $200,000 (-5%) |
| Aug 9, 2026 | $3,999,990 | $195,910 (-4.7%) |
| Jul 13, 2026 | $4,195,900 | $99,100 (-2.3%) |
| May 12, 2026 | $4,295,000 | Listed |
