205 Gerrard Street
Toronto C08, ON
- 2,884 sqft
- Investment
- 160 days on market
PRIME CABBAGETOWN INVESTMENT OPPORTUNITY - 9-SUITE RESIDENTIAL BUILDING Well-maintained 9-suite apartment building located at Gerrard St E and Sherbourne in strategic downtown location. Features 4 studios, 4 one-bed, 1 two-bed suites and 2 surface parking spaces. Separate metering for gas and hydro and Independent HVAC systems per suite. The building has shared laundry facilities with card system. Neighbourhood features cafes, boutique shops, and active cultural scene that gives it a distinctly hip character within Toronto's core. ATTRACTIVE ASSUMABLE FINANCING: Currently financed with assumable CMHC insured first mortgage at well below current market interest rate with an attractive loan to value. Terms of existing mortgage: Outstanding Balance (March 2026): $2,180,812 | Interest Rate: 2.67% | Monthly Payments: $8,197 | Maturity: September 1, 2029
Listing Details
- Taxes (2025)
- $12,764
- Listed
- March 27, 2026
Price History
Listing history
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Property
- Lot Size
- 28.5 x 106 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Gerrard and Oskenonton Lane
- Zoning
- CR1.5
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Community
Postal area M5A
- Population
- 48,978
- Private dwellings
- 30,508
- Median age
- 36.4
- Average household size
- 1.8
- Median household income
- $71,000
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
Commercial in Toronto C08 · last 12 months
- Median sold price
- $595,000
- Homes sold
- 1,647
- Median days on market
- 28
- Sale-to-list price
- 97.4%
Based on 1,647 recorded sales of commercial properties in Toronto C08 over the last 12 months.
Listed by
JONES LANG LASALLE REAL ESTATE SERVICES, INC.
Walk Score
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Location
Street View
Commercial figures
- Building area
- 2,884 sq ft
- Price per sq ft
- $936.20
- Annual property tax
- $12,764
- Tax per sq ft
- $4.43
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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