For Sale: 1415 Gerrard Street E, Toronto, ON - REW
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$3,999,990
11 bd • 8 ba • 6545 sf • Multifamily
1415 Gerrard Street E
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$3,999,990
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1415 Gerrard Street EToronto, ON, M4L 1Z5

Greenwood-Coxwell
  • 11 Bed
  • 8 Bath
  • 6545 Sqft
  • Multifamily

About this home

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!
Listed by: Adam Colalillo, Realty Network

Home facts and features

Price details
List Price
$3,999,990
Get Pre-Approved
Gross Taxes for 2026
$1,330,000
Home facts
Bedrooms
11
Full Bathrooms
8
Parking Spaces
3
Parking Details
Asphalt
Property Type
Multifamily
Lot Size
17 ft x 11490 ft (4.62 acres)
Depth
11490.0
Frontage
17.5
Heating Type
Electric
Cooling
Central Air
Basement Details
Full,Partially Finished
Features
Carbon Monoxide Detector(s), In-suite, Separate Heating Controls, Separate Hydro Meters
Appliances
Dryer, Other, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
Realty Network
Listing details
Days on REW
104 Days
Property Views
30
MLS® Number
40817959
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Building Information

1415 Gerrard Street East Apartments, Multifamily in Greenwood-Coxwell
These 3 bedroom units are located on the south west corner of Hiawatha Road and Gerrard Street East, 1415 Gerrard Street East is a top to bottom reconstruction of 3 storey mixed commercial residential in Little India. The food alone makes this Toronto community a gem in the heart of the city.... more
Units:
0
Floors:
3
Built in:
9999
Active Listings:
1

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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Kew Park Montessori Day School
  • Private
  • 1 - 6
Roden School
  • Public
  • JK - 8
Duke of Connaught Junior & Senior Public School
  • Public
  • JK - 8
ÉÉC Georges-Étienne-Cartier
  • Catholic
  • JK - 6
St Patrick Catholic Secondary School
  • Catholic
  • 9 - 12
Bowmore Road Junior & Senior Public School
  • Public
  • JK - 8
Monarch Park Collegiate Institute
  • Public
  • 9 - 12
Leslieville Junior Public School
  • Public
  • JK - 6
Riverdale Collegiate Institute
  • Public
  • 9 - 12
St Joseph Catholic School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Adam Colalillo
Phone:
(289) 456-0652
Cell:
(289) 456-0652
Office:
905-389-3737
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.