$3,999,990
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1415 Gerrard Street E, Toronto on M4L 1Z5, Toronto, ON M4L 1Z5

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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!

Listing By: Adam Colalillo - Realty Network cnitso Realty.com
  • MLS® 40812208
  • Date Listed03/17/2026
  • Days on Realty 132 Days
  • Bedrooms 0
  • Bathrooms
  • Lot Size -
  • County Toronto

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Ample Parking, Business Centre, City Lot, Hospital, Public Transit, Rail Access, Schools, Visual Exposure

Directions

Gerrard St E & Hiawatha Rd

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for M4L 1Z5

Discover key demographics, population statistics, and environmental insights for the Toronto, ON area.

Walkability in ON / M4L 1Z5

Source: Walk Score

95/100

Walker's Paradise

Walk Score ®

73/100

Excellent Transit

Transit Score ®

85/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

Transit Summary

10 nearby routes: 7 bus, 3 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 72/100, Transit Score: 71/100, Bike Score: 70/100.

Points of Interest near 1415 Gerrard Street E, Toronto ON M4L 1Z5, Toronto, ON M4L 1Z5

Frequently Asked Questions for 1415 Gerrard Street E, Toronto ON M4L 1Z5

Source: Realty.com

1415 Gerrard Street E, Toronto ON M4L 1Z5, Toronto, ON M4L 1Z5 in Toronto, ON M4L 1Z5 is a other listed at $3,999,990. Realty.ca has 30 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 30 photos of 1415 Gerrard Street E, Toronto ON M4L 1Z5.

The full address for this home is 1415 Gerrard Street E, Toronto ON M4L 1Z5, Toronto, ON M4L 1Z5.

1415 Gerrard Street E, Toronto ON M4L 1Z5 has been listed on Realty.com since Tue March 17, 2026

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 72/100, Transit Score: 71/100, Bike Score: 70/100.

Listing provided courtesy of: Realty Network - itso (tel: 905-389-3737)
Listing agent: Adam Colalillo - UnknownState (tel: 289-456-0652)

This content last refreshed on 2026-07-27 22:22:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.