1048 GERRARD Street E, Toronto E01, ON M4M 1Z8
Toronto E01
Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
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 1048 GERRARD Street E, Toronto E01, ON M4M 1Z8
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MLS# E12945340
Listed by CENTURY 21 LEADING EDGE REALTY INC.
On market since Apr 1, 2026
1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 is listed for $1,199,000 CAD.
1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 is a Store W Apt/Office, 1,789 sq ft.
1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 is in Toronto E01, Ontario.
1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 is currently for sale.
The annual property taxes on 1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 are approximately $9,769 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 1048 GERRARD Street E, Toronto E01, ON M4M 1Z8 (MLS# E12945340). You can also send a message through the contact form on this site.
