1415 GERRARD Street E, Toronto, Ontario
$3,999,990
- 11 Beds
- 8 Baths
- 8,075 Square Feet
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! (id:23309)
- Listing ID: 40817959
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Paul Busnello would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Paul Busnello, who specializes in Toronto real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Paul Busnello find a property to match your lifestyle.
Listing provided by Realty Network
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1415 GERRARD Street E in Toronto Ontario. It was last modified on April 8th, 2026. Contact Paul Busnello to schedule a viewing or to discover other Toronto real estate for sale.