MLS® listing
1415 Gerrard Street E: home for sale
$3,749,990
From the listing brokerage
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!
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Approximate age | 51-99 |
| Style | Other |
| Basement | Full, Partially Finished |
| Lot width | 17.5 |
| Lot depth | 114.78 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 3 |
| Garage | None |
| Cooling | Other |
| Kitchens | 5 |
| Property tax | $1,330,000 |
| Tax year | 2025 |
| Parking | Lane |
| Interior features | Other |
Listing courtesy of REALTY NETWORK. MLS® E12971250.
About this home
1415 Gerrard Street E is an 11 bedroom home in TRREB's Greenwood-Coxwell community in Toronto, listed for sale at $3,749,990. The listing shows 8 bathrooms and 5000 + square feet. The lot is listed as 17.5 by 114.78 feet. The listing gives the basement as full, partially finished. It comes with 3 parking spaces according to the listing. The nearest main intersection given is Hiawatha Rd. The age is listed as 51-99 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 1415 Gerrard Street E
At the asking price of $3,749,990, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $3,749,990 |
|---|---|
| Ontario land transfer tax | $80,225 |
| Toronto municipal land transfer tax | $94,475 |
| Both taxes | $174,700 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $749,998 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $1,330,000 a year, about $110,833 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 17.5 by 114.78 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 5 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 1415 Gerrard Street E
How much is land transfer tax on 1415 Gerrard Street E?
At the asking price of $3,749,990 the Ontario tax is $80,225 and the Toronto tax is $94,475, $174,700 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 1415 Gerrard Street E?
$749,998 at the asking price of $3,749,990, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 1415 Gerrard Street E?
The listing shows $1,330,000 a year for 2025, about $110,833 a month.
How do I book a showing for 1415 Gerrard Street E?
Use the form on this page or call us. Quote MLS® E12971250. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1415 Gerrard Street E still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). 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 data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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