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1415 Gerrard ST E Toronto E01, ON M4L 1Z5
7,260 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,260 sqft
Municipality Toronto E01
Subdivision Greenwood-Coxwell
MLS Listing ID E12890406
Annual Tax Amount $20,361
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
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!
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Zoning CR2 (cl;r2*1573)
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 17.53
Lot Depth 114.9
Others
Security Features Yes
ParcelsYN No
Listed by REALTY NETWORK
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