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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 6 days ago

    1056 Gerrard Street

    North Riverdale·Toronto, ON·M4M 1Z7·Near Gerrard & Jones

    • 2 baths
    Toronto real estate›E13426508
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Busy intersection of Gerrard & John with excellent visibility and nonstop traffic day and night. Located next to a high school with approximately 1,500 students, creating strong daily walk-in traffic and takeout demand. Recently renovated 800 sq. ft. restaurant space featuring a15 ft commercial hood, walk in cooler, 25 seats, basement, and rear delivery access. One parking spot included in the rent. Bright and inviting space with lots of natural light and large front windows, perfect for attracting walk in customers. Excellent opportunity for many different food concepts. Fast food concepts such as burgers, fried chicken, chicken wings, shawarma, takeout, and similar uses would do very well in this location. Rent is $5,600 (TMI, HST & water included) 4.5 years remaining on the current lease, plus a 5year option to renew.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    • Located next to a high school with approximately 1,500 students, creating strong daily walk-in traffic and takeout demand.
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 10, 2026ListedCurrentFor sale$99,000 —E13426508This page
    May 27, 2026Previously listedTer$129,000 —E13196530View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Heating
      Gas Forced Air Closed
      Air conditioning
      Yes
      Water source
      Municipal
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 1056 Gerrard Street
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $486
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $54
    0.66% mill rate · ON
    The market

    How this home sits in the Toronto market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Toronto market right now

    Average sold price, days on market, and closed-transaction count for Toronto — sourced from MLS®.

    • Avg sold price
      $1,088,463
      Last 30 days
    • Median sold price
      $858,962
      Middle of the market
    • Days on market
      28 d
      Avg from list to close
    • Closed last 30d
      6,676
      MLS® transactions
    Full Toronto market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 1056 Gerrard Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 1056 Gerrard Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 1056 Gerrard Street listed for?

      1056 Gerrard Street is listed at $99,000 on the MLS® (listing E13426508). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 1056 Gerrard Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 800 sqft
  2. Sale Of Business
  3. Asking
    $99,000
    $124 / sqft · MLS® E13426508
    Chat Zara
  4. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,088,463
    $1,001,386Confidence range$1,175,540
    Asking vs estimate
    ↓below
    −$989,463
    (-90.9%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Toronto sell in about 28 days — this one has been listed 6 days.

    Avg sold price
    $1,088,463
    Median sold
    $858,962
    Avg days on market
    28
    Recently sold
    6676
    See comparable sales
  5. Recently renovated 800 sq. ft. restaurant space featuring a15 ft commercial hood, walk in cooler, 25 seats, basement, and rear delivery access.
  6. One parking spot included in the rent.
  7. Bright and inviting space with lots of natural light and large front windows, perfect for attracting walk in customers.
  8. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    Street
  9. Lot & land

    1
    Zoning
    Commercial
  10. Listing & possession

    3
    Occupancy
    TBD
    Property style
    Without Property
    Property class
    Sale Of Business
  11. Combined estimate
    $540
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $486
    /mo
    based on the purchase price of $99,000
    $19,800 cash
    $79,200 financed
    $66,707 total interest
    Monthly payment$486/ month
    Principal54%$79,200
    Interest46%$66,707

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in Toronto

    Active listings within ±20% of this asking price.

    • 1768 St Clair Avenue
      $110,000
      1768 St Clair Avenue
      Sale Of Business
    • 546 Dundas Street
      $89,000
      546 Dundas Street
      Sale Of Business 2
    • 1898 wilson Avenue
      $99,800
      1898 wilson Avenue
      Sale Of Business
    • 1112 Queen Street
      $89,000
      1112 Queen Street
      Sale Of Business
    • 700 Lawrence Avenue
      $105,000
      700 Lawrence Avenue
      Sale Of Business
    • 4178-4180 Kingston Road
      $80,000
      4178-4180 Kingston Road
      Sale Of Business
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  12. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  13. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  14. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  15. Public listing courtesy of REON HOMES REALTY INC. · displayed on Summitly per MLS® data-share rules

    1056 Gerrard Street is a 2-bath, 800 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  16. When was 1056 Gerrard Street built?

    The year built for 1056 Gerrard Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  17. What is the property tax for 1056 Gerrard Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for 1056 Gerrard Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  18. How much would the monthly mortgage be on 1056 Gerrard Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $99,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  19. Has 1056 Gerrard Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 1056 Gerrard Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  20. What neighbourhood is 1056 Gerrard Street in?

    1056 Gerrard Street is in North Riverdale, Toronto. The 'Neighbourhood' section below links to the live Toronto real estate hub with average sold price, days on market, and current inventory.

  21. Is Toronto a good place to live?

    Toronto is one of ON's actively-tracked Summitly markets. The full Toronto real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.