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    For Sale - 1487 Gerrard Street, Toronto, Ontario

    Est payment $6,242/mo
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    Views   1
    Time on Jump  4 day

    AI Summary *

    • Mixed-use property with strong commercial anchor and stable income.
    • Two spacious, two-story residential apartments suitable for families or professionals.
    • Rare opportunity for developers with adjacent property for potential land assembly.
    • Located in a vibrant corridor with planned transit expansions and urban renewal.
    • Surrounded by diverse dining and retail, attracting consistent foot traffic.




    1487 gerrard street east offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in thevibrant gerrard india bazaar and greenwood-coxwell corridor, this property features a strong commercial anchor, two expansive multi-levelresidential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare landassembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major toronto arterialroad. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residentialbuild in a city actively pushing for density along established streetcar and transit routes. Currently tenanted by a stable, reliable business,providing predictable, long-term commercial income with an established footprint in the neighbourhood. Unlike standard compact cityapartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroomlayout, highly appealing to young professionals and families seeking space. The greenwood-coxwell and gerrard east corridor is one oftoronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavilyfrom upcoming transit expansions, including the future ontario line which will feature a major transit hub slightly west at gerrard and carlaw. The city of toronto is prioritizing the gerrard street east corridor for ongoing revitalization, bringing upgraded streetscapes, pedestrianimprovements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the gerrard indiabazaar, with leslieville just to the south and the danforth to the north, the location attracts a steady stream of foot traffic and premiumresidential tenant demand
    Listing IDE14097466
    Address1487 Gerrard Street
    CityToronto, Ontario
    Price$1,300,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Brokerage: RE/MAX HALLMARK REALTY LTD.

    * 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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    1487 Gerrard Street
    Toronto , Ontario
    $1,300,000
    Get more info