1415 Gerrard Street E

Greenwood-Coxwell, Toronto, M4L 1Z5

$3,749,990

Reduced $545,010 from $4,295,000

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Listed 217 days ago · MLS® E12890406

About this home

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!

Details

Type
Commercial Retail
Lot
17.53 × 114.9 ft
Garage
None
Property tax
$20,361 (2025)
Neighbourhood
Greenwood-Coxwell
Municipality
Toronto E01

Heating, cooling and services

Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
7,260 Square Feet

More

Possession
Flexible
Cross street
Hiawatha Rd

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Greenwood Subway1.3 km
  • 🚇 Coxwell Subway1.4 km
  • 🚆 Danforth GO2.5 km

Within a 10-minute walk: 4 grocery stores, 35 cafés and restaurants, 13 parks, 4 pharmacies. Nearest grocery: BJ Supermarket (150 m). Nearest park: Fairford Avenue Parkette (450 m).

Schools nearby

Elementary

  • Roden Public School
    EQAO: Gr 6 reading 88%, math 44%
    3 min walk
  • Equinox Holistic Alternative School
    EQAO: Gr 6 reading 81%, math 44%
    4 min walk
  • Duke of Connaught Junior and Senior Public School
    EQAO: Gr 6 reading 85%, math 53%
    10 min walk
  • École élémentaire catholique Georges-Étienne-Cartier French
    EQAO: Gr 6 reading 91%, math 74%
    12 min walk

Secondary

  • Monarch Park Collegiate Institute
    EQAO: Gr 9 math 70%, literacy test 88%
    12 min walk
  • St. Patrick Catholic Secondary School Catholic
    EQAO: Gr 9 math 66%, literacy test 85%
    12 min walk
  • School of Life Experience12 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4L

Owners / renters
61% / 39%
Median household income
$101,000
Average age
40
Children under 15
18%
Homes
19% detached, 7% high-rise
Commute by transit
22%
Population
32,218

Languages spoken most at home besides English: Yue (Cantonese) 3%, Mandarin 0.7%, Spanish 0.7%, Urdu 0.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Greenwood-Coxwell (2025): 21% below the Toronto average, down 30% from the year before.

  • Assaultabout average
  • Break and enter28% below average
  • Auto theft34% below average
  • Robbery26% below average
  • Theft from vehiclesabout average
  • Shootings21% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 6 active

  • 355 COXWELL AVE · 500 m
    Plan of Condominium · Draft Plan Approved · applied 2026
    Draft Plan of Condominium for 33 residential units.
    Application details
  • 1291 GERRARD ST E · 350 m
    Site Plan · Under Review · applied 2023
    Proposal for a 12-storey mixed-use building comprised of 289 residential units and 1271 square metres of retail GFA.
    Application details
  • 1311 GERRARD ST E · 300 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2023
    This application proposes to amend the Zoning By-law to permit a 12-storey residential building containing 282 residential units, 1271 square metres of GFA of…
    Application details
  • 1761 DUNDAS ST E · 450 m
    Site Plan · Under Review · applied 2022
    Rezoning for proposed for a 4-storey residential building having a gross floor area of 1412 square metres consisting of 26 residential units, 2 parking space,…
    Application details
  • 1761 DUNDAS ST E · 450 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2022
    Rezoning for proposed for a 4-storey residential building having a gross floor area of 1412 square metres consisting of 26 residential units, 2 parking space,…
    Application details
  • 1400 GERRARD ST E · 50 m
    Site Plan · Under Review · applied 2022
    Site Plan Application to construct a 7 storey (27.2 metres including mechanical penthouse) mixed-use building with 19 rental dwelling units and two commercial…
    Application details

3 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 5 km. Transit times · Driving times

Coming transit

  • 🚧 Gerrard 1.7 km
  • 🚧 Pape 1.9 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2023 · Closed
    Interior alterations to create an additional .residential unit.
  • Interior Alterations · 2021 · Closed
    Proposal for interior alterations to basement and ground floor for a licensed daycare center including encroaching boulevard structure.…
  • Interior Alterations · 2016 · Closed
    Interior alterations to all floors ground floor retail with basement storage and existing four dwelling units above. Refer to manager's…

4 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

45 City street trees within 100 m. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REALTY NETWORK.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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