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    For Sale - 1395 Gerrard Street, Toronto, Ontario

    Est payment $26,170/mo
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    Views   2
    Time on Jump  131 day

    AI Summary *

    • Great investment with 20 residential units and a commercial store.
    • Current vacancies offer potential for renovations and higher rental income.
    • Located in trendy neighbourhood with high Walk, Transit, and Bike scores.
    • Access to numerous shops, restaurants, parks, and beaches for outdoor activities.
    • Close to schools providing various academic and arts programs.




    Live in one of the units or live/work in the same building or rent all. Excellent investment opportunity with a cap rate of 5. 39%! 20 residential units with a mix of 4 x studios, 11 x 1 bedroom, 5 x 2 bedrooms units and a commercial store with lease ending end of 2026. Currently 2 vacant units (1x1br, 1x2br) allowing for possible renovations to attract a higher rent. Great mix for income stability and potential for value and rental appreciation - see attached for property proforma. Currently self managed (proforma shown with a property management company) with a cleaning/maintenance person. Mostly month to month tenancies. This area is part of the greenwood-coxwell and leslieville neighbourhoods, known for their vibrant and trendy atmosphere. Popular high demand area due to a high walk score of 93, a transit score for 73, and a bike score of 79. Allows easy access to run errands and daily living with great transit to the downtown core if needed. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs. See attached floor plans - not exactly as shown as some kitchens may have been altered. Major renovation and new addition done in 2012 with permits. See upgrades/updates on attached document.
    Listing IDE13214726
    Address1395 Gerrard Street
    CityToronto, Ontario
    Price$5,450,000
    StyleStore W Apt/Office
    Land Size6006.26
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Public Transit, Recreation/Community CentreBasement 1Heating / Cooling Other

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    Listing Brokerage: KELLER WILLIAMS PORTFOLIO REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1395 Gerrard Street
    Toronto , Ontario
    $5,450,000
    Get more info