1415 GERRARD STREET EAST

Toronto, , M4L1Z5, Canada

$3,499,990

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!

Virtual Tour: https://my.matterport.com/show/?m=CX9N7Wy1moY

Last updated on : Wednesday 4th of November 2026 09:40:00 AM

ADDRESS

Street : 1415 GERRARD STREET EAST

City : Toronto

Country : Canada

Postal Code : M4L1Z5

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PROPERTY SUMMARY

Property ID : 40817959

Building Type : Other

Property Type : Multi-family

Bedrooms : 11

Bathrooms : 8

Parking : 3

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