1935 GERRARD Street
Toronto E02, ON
1,850 sqft • Store W Apt/Office • 143 days on market
Fantastic investment available for the first time in 40+ years. Main level boasts a turnkey coin laundry business with an established customer base and steady income. Includes: 17 washers, 16 dryers, 2 change machines, and 2 soap dispensers. Basement office/storage space and 3 piece bath. All coin laundry mechanicals owned. Upper level contains 2 one bedroom apartments, currently tenanted. Apartments are separately metered, tenant pays own utilities. 2 private parking spaces accessible through rear laneway. Steps to transit and shopping. Owner to install 2 brand new boilers (25K value), brand new roof installed in 2021, current site manager handles daily business operations and is willing to stay. Great opportunity for anyone seeking an investment to provide passive income. Offers Anytime!
Listing Details
- Taxes (2025)
- $12,811
- Listed
- April 1, 2026
Price History
Property
- Lot Size
- 20.41 x 97 Feet
Location & Legal
- Cross Street
- Gerrard St E & Woodbine Ave
- Zoning
- CR2(c0.5;r2)*1722)
- Possession
- Immediate
Commercial
- Occupancy
- Owner+Tenant
- Office / Apartment Area
- 1000 Sq Ft
Included
- Inclusions
- 17 Washers, 16 Dryers, 2 change machines, 2 soap dispensers, 2 stoves & 2 fridges (located in rental units), furnace (owned), 2 boiler (owned & servicing coin laundry)
- Rental Items
- 2 HWT servicing Upper level apartments. Tenants pay HWT rental fee
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
Commercial in Toronto E02 · last 12 months
- Median sold price
- $1,207,500
- Homes sold
- 528
- Median days on market
- 10
- Sale-to-list price
- 105.0%
Based on 528 recorded sales of commercial properties in Toronto E02 over the last 12 months.
Listed by
CENTURY 21 LEADING EDGE REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Commercial figures
- Building area
- 1,850 sq ft
- Price per sq ft
- $594.05
- Annual property tax
- $12,811
- Tax per sq ft
- $6.92
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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