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# E12971250
Listed by REALTY NETWORK
On market since Apr 8, 2026
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is listed for $3,999,990 CAD.
1415 Gerrard Street E, Toronto, ON M4L 1Z5 has 11 bedrooms and 8 bathrooms.
1415 Gerrard Street E, Toronto, ON M4L 1Z5 is a Other.
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# E12971250). You can also send a message through the contact form on this site.
