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About the Listing 326001 -
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!
Listing Highlights
Status
Active
Days on Site
99
Property Type
Residential
MLS ®
E12971250
Year Built
Total Square Footage
5,000
Lot/Acreage
0.05
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Partially Finished
- Other: 5 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat
- Others:
- Sewer: Sewer
- Parking Features: Lane,No Garage
Financial Details
- Tax Amount: $1,330,000
- Taxes w/Assessments: N/A
- Tax/Property ID: 210380605
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1415 Gerrard St E Toronto, ON M4L 1Z5
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