1415 Gerrard Street E, Toronto, ON M4L 1Z5
Toronto E01
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!
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 1415 Gerrard Street E, Toronto, ON M4L 1Z5
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MLS# E12890406
Listed by REALTY NETWORK
On market since Mar 17, 2026
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is listed for $3,999,990 CAD.
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is a Commercial Retail, 7,260 sq ft.
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is in Toronto E01, Ontario.
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 1415 Gerrard Street E, Toronto, ON M4L 1Z5 (MLS# E12890406). You can also send a message through the contact form on this site.
