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    For Sale - 1415 Gerrard Street, Toronto, Ontario

    Est payment $18,007/mo
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    Views   2
    Time on Jump  195 day

    AI Summary *

    • Turn-key mixed-use property with commercial and residential units in downtown Toronto.
    • Fully renovated building with a commercial space and five high-end apartments.
    • High-exposure corner lot offering over 7,000 sq. ft. of leased space.
    • Government-subsidized daycare tenant signed a 10-year lease with rent increases.
    • All residential units exempt from rent control for potential annual rent growth.




    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!
    Listing IDE12890406
    Address1415 Gerrard Street
    CityToronto, Ontario
    Price$3,749,990
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Public TransitBasement 1Heating / Cooling Other

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    1415 Gerrard Street
    Toronto , Ontario
    $3,749,990
    Get more info