See all 34 photos
34 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,490,000
Est. payment /mo
2,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $532
Municipality Toronto E01
Subdivision Greenwood-Coxwell
MLS Listing ID E13758288
Annual Tax Amount $9,704
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
1485 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in the vibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-level residential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare land assembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterial road. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residential build 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 city apartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroom layout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one of Toronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavily from 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, pedestrian improvements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard India Bazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premium residential tenant demand.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 16.33
Lot Depth 100.0
Others
Security Features No
ParcelsYN No
Read Less Info
Listed by RE/MAX HALLMARK REALTY LTD.
Nearby Locations
GET MORE INFORMATION
