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    For Sale - 1415 Gerrard Street, Toronto, Ontario

    Est payment $18,247/mo
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    Views   2
    Time on Jump  134 day

    AI Summary *

    • Turn-key mixed-use investment with one commercial unit and five residential apartments.
    • Recently renovated building with over 7,000 sq. ft. of leased space.
    • High-exposure corner lot with three on-site parking spaces available.
    • Government-subsidized daycare tenant with a long-term lease and scheduled rent increases.
    • All residential units exempt from rent control, allowing annual rent increases.




    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 IDE12971250
    Address1415 Gerrard Street
    CityToronto, Ontario
    Price$3,799,990
    Bed / Bath11 / 8 Full
    StyleOther
    ConstructionAluminum Siding, Metal/Steel Siding
    TypeResidential
    StatusFor Sale

    Subtype OtherIndoor Features OtherOwnership FreeholdBasement Full, Partially FinishedFoundation Poured ConcreteHeating Fuel ElectricSewer Sewer

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    Listing Agency:  REALTY NETWORK

    * 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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    1415 Gerrard Street
    Toronto , Ontario
    11 8 $3,799,990
    Get more info