On market 212 daysPrice drop · $795,010 off (-18.5%)

1415 Gerrard St E, Toronto

Name: 1415 Gerrard Street E
SKU: E12971250
Price: 3499990 CAD
Availability: InStock

Toronto, ON · M4L 1Z5 · MLS® E12971250Updated November 4, 2026

$3,499,990Est. $17,194/mo mortgage

Bedrooms: 11
Bathrooms: 8
Living space: 5000 +sq ft
Parking spaces: 3

Basement Full, Partially Finished

What you should know

1415 Gerrard St E is an 11-bedroom, 8-bathroom home in Toronto, listed for $3,499,990. It has 5000 + sq ft of living space.

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.

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11 Bed, 8 Bath Home in Toronto

About 1415 Gerrard Street East

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!

11 bedrooms, 8 bathrooms, about 5,000 sq ft, works out to roughly $700 per square foot. Chat with Zara if you'd like a deeper read on whether this home fits your budget and timing.

Inside 1415 Gerrard St E

Every detail from the listing, in one place.

Style: Other
Living space: 5000 + sq ftas stated on the listing
Parking: 3 spaces
Basement: Full, Partially Finished

Features & systems

Parking & garage

Parking spaces: 3

Interior

Basement: Full · Partially Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Other
Property class: Other

1415 Gerrard St E Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® E12971250−$795,010 (18.5%)$3,499,990
Apr 7, 2026For saleListedThis listingMLS® E12971250$4,295,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 1415 Gerrard St E Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 16,043 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $840,000
Average sold price: $1,085,584
Average days on market: 32
Homes sold: 9,203

Closed sales on the TRREB MLS®.

Full Toronto market report

Living in Toronto: Location & Amenities

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Costs, Mortgage & Rental Return for 1415 Gerrard St E

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $17,194; 20% down · 25 years · 5.5% assumed
Property tax: $1,925; 0.66% mill rate · ON
Total per month: $19,119; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$17,194

/mo

based on the purchase price of $3,499,990

Down payment20%

$699,998 cash

Amortization25 yr

$2,799,992 financed

Rate5.50%

$2,358,328 total interest

Principal54%$2,799,992

Interest46%$2,358,328

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

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

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

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Listing brokerage: REALTY NETWORK, BrokerageMLS® E12971250 · Listing data last updated November 4, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.

For sale· listed Apr 6· $700/sq ft

Estimated monthly mortgage$17,194/moMortgage only · 20% down · 5.5% assumed

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