1415 GERRARD Street
Toronto, Ontario
7,260 sqft • Other
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
Schools
Elementary
- Equinox Holistic Alternative School0.1 km
Public · Toronto DSB · 165 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Roden Public School0.2 km
Public · Toronto DSB · 430 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Duke of Connaught Junior and Senior Public School0.7 km
Public · Toronto DSB · 740 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- St Patrick Catholic Secondary School0.8 km
Catholic · Toronto CDSB · 1000 students
Grade 10 literacy: 85% met the provincial standard
- Monarch Park Collegiate Institute0.8 km
Public · Toronto DSB · 1015 students
Grade 10 literacy: 88% met the provincial standard
- Riverdale Collegiate Institute1 km
Public · Toronto DSB · 1600 students
Grade 10 literacy: 95% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M4L
- Population
- 32,218
- Private dwellings
- 14,789
- Median age
- 40.8
- Average household size
- 2.3
- Median household income
- $101,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Toronto · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of other properties in Toronto over the last 12 months.
Location
Mortgage Calculator
$759,998
Estimated Monthly Payment
$18,668
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $18,668/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $950/mo
Estimates only. Consult a financial advisor.
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