1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
1415 Gerrard ST E, Toronto E01, ON M4L 1Z5
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 3,749,990
Est. payment | /mo

11 Beds

8 Baths

Save
$ 3,749,990
Est. payment | /mo
Save

11 Beds

8 Baths

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Municipality Toronto E01

Subdivision Greenwood-Coxwell

MLS Listing ID E12971250

Style Other

Bedrooms 11

Annual Tax Amount $1,330,000

Tax Year 2025

Property Sub-Type Other

Property Description

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!

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Rooms

Basement Full, Partially Finished

Kitchen 5

Interior

Interior Features Other

Cooling Other

Heat Source Electric

Exterior

Parking Features Lane

Pool None

Roof Type Flat

Lot Frontage 17.5

Lot Depth 114.78

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Poured Concrete

Others

ParcelsYN No

Listed by REALTY NETWORK

Nearby Locations

Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON L4M 3B4, CAN

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1415 Gerrard ST E