1415 Gerrard Street, Toronto, ON
Property Highlights
Welcome to this remarkable Other other located in the coveted neighborhood of Greenwood-Coxwell. Expertly crafted featuring premium aluminum siding and metal/steel siding construction, this residence presents an exceptional opportunity offered at $3,799,990 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 11 Bedrooms and 8 Bathrooms with 5 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 17.5 x 114.78 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Other
- equipped with other central cooling and highly efficient heating via electric
Description
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!
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Property Summary
This other located at 1415 Gerrard Street, Toronto is currently for sale and has been available on SousaSells for 128 days. This property is listed at $3,799,990 with an estimated mortgage of $12,649* per month. It has 11 beds, 8 bathrooms, and is 5000 + square feet. 1415 Gerrard Street, Toronto is in the Greenwood-Coxwell neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 11 bedrooms and 8 bathrooms, this home offers ample space and comfort for growing families in Greenwood-Coxwell, Toronto.
- •11 spacious bedroom layout offering versatile living space
- •8 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Greenwood-Coxwell, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1415 Gerrard Street, Toronto, ON
Q.What is the asking price for 1415 Gerrard Street, Toronto, ON ?
The current listing price for 1415 Gerrard Street, Toronto, ON in Greenwood-Coxwell, Toronto is $3,799,990.
Q.How many bedrooms and bathrooms does this property have?
This property features 11 bedrooms and 8 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 1415 Gerrard Street, Toronto, ON ?
1415 Gerrard Street, Toronto, ON is a Other (Other) featuring a Full, Partially Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Other.
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Pricing & Value Insights
Data-driven valuation for 1415 Gerrard Street E, Toronto, ON M4L 1Z5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $3,799,990 in Toronto, the legal minimum down payment is $759,998 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $81,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $81,475 also applies, bringing the total estimated land transfer taxes to $162,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.