Salehian.com 647-325-5000

1487 Gerrard Street E

Greenwood-Coxwell, Toronto, M4L 2A4

$1,490,000

Photo 1 of 43Photo 2 of 43Photo 3 of 43Photo 4 of 43Photo 5 of 43Photo 6 of 43Photo 7 of 43Photo 8 of 43Photo 9 of 43Photo 10 of 43Photo 11 of 43Photo 12 of 43Photo 13 of 43Photo 14 of 43Photo 15 of 43Photo 16 of 43Photo 17 of 43Photo 18 of 43Photo 19 of 43Photo 20 of 43Photo 21 of 43Photo 22 of 43Photo 23 of 43Photo 24 of 43Photo 25 of 43Photo 26 of 43Photo 27 of 43Photo 28 of 43Photo 29 of 43Photo 30 of 43Photo 31 of 43Photo 32 of 43Photo 33 of 43Photo 34 of 43Photo 35 of 43Photo 36 of 43Photo 37 of 43Photo 38 of 43Photo 39 of 43Photo 40 of 43Photo 41 of 43Photo 42 of 43Photo 43 of 43

Listed 41 days ago · MLS® E13758290

About this home

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.

Details

Type
Store W Apt/Office
Lot
16.73 × 100 ft
Garage
None
Property tax
$10,006 (2025)
Neighbourhood
Greenwood-Coxwell
Municipality
Toronto E01

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
2,800 Square Feet

More

Possession
Flexible
Cross street
Gerrard/Coxwell

History of this address

1 earlier listing 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

  • 🚇 Coxwell Subway1.3 km
  • 🚇 Greenwood Subway1.4 km
  • 🚆 Danforth GO2.2 km

Within a 10-minute walk: 4 grocery stores, 33 cafés and restaurants, 14 parks, 4 pharmacies. Nearest grocery: B.K. Natural Foods (100 m). Nearest park: Moncur Playground (250 m).

Schools nearby

Elementary

  • Roden Public School
    EQAO: Gr 6 reading 88%, math 44%    4 min walk
  • Equinox Holistic Alternative School
    EQAO: Gr 6 reading 81%, math 44%    5 min walk
  • Bowmore Road Junior and Senior Public School
    EQAO: Gr 6 reading 82%, math 45%    9 min walk
  • École élémentaire catholique Georges-Étienne-Cartier French
    EQAO: Gr 6 reading 91%, math 74%    10 min walk

Secondary

  • Monarch Park Collegiate Institute
    EQAO: Gr 9 math 70%, literacy test 88%    11 min walk
  • School of Life Experience12 min walk
  • St. Patrick Catholic Secondary School Catholic
    EQAO: Gr 9 math 66%, literacy test 85%    14 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 3 active

  • 355 COXWELL AVE · 350 m
    Plan of Condominium · Draft Plan Approved · applied 2026
    Draft Plan of Condominium for 33 residential units.
    Application details
  • 4 NEWBOLD AVE · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendement for a 10-storey residential rental apartment building with a height of 27.2 metres (30.2 metres with the MPH)…
    Application details
  • 1400 GERRARD ST E · 300 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
  • 355 COXWELL AVE · 350 m
    Site Plan · Closed · applied 2026
    To modify the mixed-used development approved by Site Specific Zoning By-laws 1227-2017 and 1228-2017 in order to construct a new six-storey affordable housing…
  • 230 COXWELL AVE · 100 m
    Site Plan · Closed · applied 2023
    To construct a new four-storey apartment building with a height of 13.2 metres, 20 affordable rental units, a gross floor area of 1,173 square metres, and zero…
    Application details
  • 1400 GERRARD ST E · 300 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2022
    Zoning By-law Amendment application proposes partial demolition of the existing mixed-use building to construct a 7 storey (27.2 metres including mechanical…
    Application details

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): 6 km. Transit times · Driving times

Coming transit

  • 🚧 Gerrard 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 · 2025 · Closed
    REC 01: Revision to floor plan to change changing room to examination room.Proposal to finish interior of medical clinic

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

Trees

42 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 RE/MAX HALLMARK REALTY LTD..

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

Similar homes nearby

See more in Toronto