1415 Gerrard Street E, Toronto, ON M4L 1Z5
Toronto, ON M4L 1Z5
About this property
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!
Property facts & features
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- E12890406
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 7260
- Neighbourhood
- Not provided
- Postal code
- M4L 1Z5
- Garage
- None
- Lot depth (source units)
- 114.9
- Annual property tax
- 20361.16
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 229 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Price Change · $3,749,990
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Toronto →Listing brokerage: REALTY NETWORK. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® E12890406. Information deemed reliable but not guaranteed.