$1,300,000
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1048 Gerrard Street E, Toronto (south Riverdale), ON M4M1Z8

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- Beds
0 Baths
1,789 Sq Ft

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 (id:58753)

Listing By: SHAUNA ROMBIS - CENTURY 21 LEADING EDGE REALTY INC. cncrea2 Realty.com
  • MLS® E12772442
  • Date Listed02/09/2026
  • Days on Realty 119 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Mixed Use
  • Water Public
  • Square Feet 1,789 sq. ft
  • Price Per Sq. Ft $726.66

Interior Features

  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Gerrard St E & Jones Ave

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for M4M1Z8

Discover key demographics, population statistics, and environmental insights for the Toronto (south Riverdale), ON area.

Walkability in ON / M4M1Z8

Source: Walk Score

95/100

Walker's Paradise

Walk Score ®

87/100

Excellent Transit

Transit Score ®

90/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

17 nearby routes: 10 bus, 7 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 75/100, Transit Score: 74/100, Bike Score: 72/100.

Points of Interest near 1048 GERRARD STREET E, Toronto (South Riverdale), ON M4M1Z8

Frequently Asked Questions for 1048 GERRARD STREET E

Source: Realty.com

1048 GERRARD STREET E, Toronto (South Riverdale), ON M4M1Z8 in Toronto (South Riverdale), ON M4M1Z8 is a mixed use listed at $1,300,000. Highlights include 1,789 sq. ft., $727 per sq. ft.. Realty.ca has 47 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 47 photos of 1048 GERRARD STREET E.

The full address for this home is 1048 GERRARD STREET E, Toronto (South Riverdale), ON M4M1Z8.

1048 GERRARD STREET E has been listed on Realty.com since Mon February 09, 2026

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 75/100, Transit Score: 74/100, Bike Score: 72/100.

Listing provided courtesy of: CENTURY 21 LEADING EDGE REALTY INC.
Listing agent: SHAUNA ROMBIS

This content last refreshed on 2026-06-08 06:26:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.