1487 Gerrard Street
Toronto E01, ON
- 2,800 sqft
- Store W Apt/Office
- 10 days on market
1487 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in the vibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-level residential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare land assembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterial road. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residential build in a city actively pushing for density along established streetcar and transit routes.Currently tenanted by a stable, reliable business, providing predictable, long-term commercial income with an established footprint in the neighbourhood. Unlike standard compact city apartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroom layout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one of Toronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavily from upcoming transit expansions, including the future Ontario Line which will feature a major transit hub slightly west at Gerrard and Carlaw. The City of Toronto is prioritizing the Gerrard Street East corridor for ongoing revitalization, bringing upgraded streetscapes, pedestrian improvements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard India Bazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premium residential tenant demand.
Listing Details
- Taxes (2025)
- $10,006
- Listed
- September 9, 2026
Price History
Property
- Lot Size
- 16.73 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Gerrard/Coxwell
- Zoning
- CR2(c1;r2*1573)
- Parcel Number
- 210380087
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 1800 Sq Ft
Included
- Exclusions
- all tenant belongings.
- Rental Items
- Speak to LA to confirm.
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 E01 · last 12 months
- Median sold price
- $1,185,000
- Homes sold
- 692
- Median days on market
- 9
- Sale-to-list price
- 106.3%
Based on 692 recorded sales of commercial properties in Toronto E01 over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,800 sq ft
- Price per sq ft
- $532.14
- Annual property tax
- $10,006
- Tax per sq ft
- $3.57
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residential build in a city actively pushing for density along established streetcar and transit routes.Currently tenanted by a stable, reliable business, providing predictable,…. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?