Price Reduction
Address
1415 Gerrard Street E, Toronto, ON
Price
$ 3,749,990
Property Attributes
- MLS#E12971250
- TypeSingle Family
- Listing Status Price Change
- CityToronto
- AreaGreenwood-Coxwell
- NeighbourhoodGreenwood-Coxwell
- Postal CodeM4L 1Z5
- Style
- Taxes$ 1330000
- Price$ 3,749,990
- Bedrooms11
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage5000 +
Data Source:
Toronto Real Estate Board (TRREB)
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!
| Price History | |
|---|---|
| 4/8/2026 | Listed $4,295,000 |
| 5/12/2026 | 3$4,195,900 |
| 6/22/2026 | 5$3,999,990 |
| 8/11/2026 | 6$3,799,990 |
| 9/3/2026 | 2$3,749,990 |
General Features
| Sewer | Sewer |
|---|---|
| Cooling | Other |
| Roof | Flat |
| Architectural Style | Other |
| Pool Features | None |
| Construction Materials | Aluminum Siding,Metal/Steel Siding |
| Parking Spaces | 3 |
| Property Subtype | Other |
| Tax Year | 2025 |
| Lot Depth | 114.78 |
| County | Toronto |
| New Construction | No |
| Property Type | Residential Freehold |
| Attached Garage | No |
| Facing Direction | South |
| Garage Y/N | No |
| Status | Price Change |
| City | Toronto E01 |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 1330000.0 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Legal Description | PT LT 6 PL 1357 TORONTO PT 1 63R3461; S/T CA716292; CITY OF TORONTO |
Interior Features
| Interior Amenities | Other |
|---|---|
| Basement | Full,Partially Finished |
| Heat Source | Electric |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 11 |
| Elevator? | No |
| Total Baths | 8 |
| Bedrooms | 11 |
| Living Area Range | 5000 + |
Exterior Features
| Parking Features | Lane |
|---|---|
| Total Parking | 3.0 |
| Garage Type | None |
| Foundation Details | Poured Concrete |
| Spa | No |
| Lot Size Source | MPAC |
| Waterfront Y/N | No |
| Covered Spaces | 0.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in M4L 1Z5
Price
Taxes
Visits
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating