1415 Gerrard Street E, Toronto, ON M4L 1Z5
Greenwood-Coxwell, Toronto · Near Hiawatha Rd · View map
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!
The home
- Type
- Other
- Style
- Other
- Square footage
- 5000 + sq ft
- Bedrooms
- 11
- Bathrooms
- 8
- Kitchens
- 5
- Basement
- Full, Partially Finished
- Lot size
- 17.5 x 114.8 ft
- Faces
- South
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding, Metal/Steel Siding
Heating & cooling
- Heating fuel
- Electric
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Lane
Taxes & other
- Property taxes
- $1,330,000/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Hiawatha Rd
- Neighbourhood
- Greenwood-Coxwell
More
- MLS® number
- E12971250
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1415 Gerrard Street, Toronto, ON M4L 1Z5
Greenwood-Coxwell, Toronto · Near Hiawatha Rd
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Listing history for 1415 Gerrard Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1415 Gerrard Street E
Answers come straight from this home’s MLS® listing.
How much is 1415 Gerrard Street E listed for, and what would it cost each month?
1415 Gerrard Street E is listed for $3,749,990. With 20% down ($749,998), the mortgage payment would be roughly $15,126 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $125,960 a month, all in. That figure is an illustration, not a quote.
Is 1415 Gerrard Street E freehold or a condo, and is there a monthly fee?
1415 Gerrard Street E is a other in Greenwood-Coxwell, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1415 Gerrard Street E have?
1415 Gerrard Street E has 11 bedrooms and 8 bathrooms.
Does 1415 Gerrard Street E have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 1415 Gerrard Street E have a finished basement?
The listing describes the basement as full, partially finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 1415 Gerrard Street E?
1415 Gerrard Street E is an other. A property that does not fit the usual home types.
How big is 1415 Gerrard Street E, and what is the lot size?
The lot is listed as 17.5 x 114.8 ft.
How is 1415 Gerrard Street E heated and cooled?
Heating is (electric). The listing does not show air conditioning.
What are the property taxes for 1415 Gerrard Street E?
Property taxes are $1,330,000 a year (2025), or about $110,833 a month.
Where is 1415 Gerrard Street E?
1415 Gerrard Street E is in the Greenwood-Coxwell community of Toronto. The nearest main intersection is Hiawatha Rd. The postal code is M4L 1Z5.
Is 1415 Gerrard Street E still for sale?
Yes. It is an active listing (MLS® E12971250). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1415 Gerrard Street E asking?
Similar properties for sale nearby right now include 1415 Gerrard Street E at $3,749,990, 432 Queen Street E at $3,749,000 (2+4 bed) and 17 Paton Road at $4,500,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1415 Gerrard Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1415 Gerrard Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Greenwood-Coxwell, picked by style, size and price.
Commercial retail$3,749,9901415 Gerrard Street E, TorontoGreenwood-CoxwellCourtesy of: REALTY NETWORKView home →
Other$3,749,000432 Queen Street E, Toronto2+4 bed · 6 bath · Regent ParkCourtesy of: ROYAL LEPAGE ESTATE REALTYView home →
Other$4,500,00017 Paton Road, Toronto0 bath · Dovercourt-Wallace Emerson-JunctionCourtesy of: LPT REALTYView home →Courtesy of: REALTY NETWORK
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.