MLS® listing
1395 Gerrard Street E: multiplex for sale
$5,450,000
From the listing brokerage
Live in one of the units or Live/Work in the same building or Rent all. Excellent investment opportunity with a cap rate of 5.39%! 20 Residential Units with a mix of 4 x Studios, 11 x 1 Bedroom, 5 x 2 Bedrooms units and a commercial store with lease ending end of 2026. Currently 2 vacant units (1x1BR, 1x2BR) allowing for possible renovations to attract a higher rent. Great mix for income stability and potential for value and rental appreciation - see attached for Property Proforma. Currently self managed (proforma shown with a property management company) with a cleaning/maintenance person. Mostly month to month tenancies. This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. Popular high demand area due to a high Walk score of 93, a Transit score for 73, and a Bike Score of 79. Allows easy access to run errands and daily living with great transit to the downtown core if needed. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs. See attached floor plans - not exactly as shown as some kitchens may have been altered. Major renovation and new addition done in 2012 with permits. See upgrades/updates on attached document.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Style | Other |
| Basement | Finished |
| Lot width | 50 |
| Lot depth | 120.16 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 7 |
| Garage | None |
| Heating | Other |
| Cooling | Other |
| Kitchens | 20 |
| Property tax | $24,891 |
| Tax year | 2025 |
| Parking | Other |
| Interior features | None |
Listing courtesy of KELLER WILLIAMS PORTFOLIO REALTY. MLS® E13214710.
About this multiplex
1395 Gerrard Street E is a 22 bedroom multiplex in TRREB's Greenwood-Coxwell community in Toronto, listed for sale at $5,450,000. The listing shows 16 bathrooms and 5000 + square feet. The lot is listed as 50 by 120.16 feet. The listing gives the basement as finished. It comes with 7 parking spaces according to the listing. The nearest main intersection given is Gerrard St E & Greenwood.
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 1395 Gerrard Street E
At the asking price of $5,450,000, 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 | $5,450,000 |
|---|---|
| Ontario land transfer tax | $122,725 |
| Toronto municipal land transfer tax | $189,225 |
| Both taxes | $311,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $1,090,000 |
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) | $24,891 a year, about $2,074 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. The listing gives the heating as other.
- 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, 50 by 120.16 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 20 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 1395 Gerrard Street E
How much is land transfer tax on 1395 Gerrard Street E?
At the asking price of $5,450,000 the Ontario tax is $122,725 and the Toronto tax is $189,225, $311,950 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 1395 Gerrard Street E?
$1,090,000 at the asking price of $5,450,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 1395 Gerrard Street E?
The listing shows $24,891 a year for 2025, about $2,074 a month.
How do I book a showing for 1395 Gerrard Street E?
Use the form on this page or call us. Quote MLS® E13214710. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1395 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.
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