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1415 GERRARD Street
Toronto, Ontario M4L1Z5
MLS # 40817959
Property Details
Type
Multi-Family
Beds
11
Baths
8
Status
For Sale
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About this property
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.
Mortgage Estimate
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Monthly costs to verify
Property taxes: about $110,833/month based on listed annual taxes.
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Facts & Location
Interior Size
8,075 sq ft
Parking
3 spaces
Annual Taxes
$1,330,000
Listing data
Listing information is provided for personal, non-commercial use and should be independently verified before making real estate decisions.
Last refreshed: Nov 14, 2026 3:45 AM
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