1487 Gerrard St E is a commercial in Toronto, listed for $1,300,000.
1Located in thevibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-levelresidential apartments, and dedicated rear parking.
2Unlike standard compact cityapartments, the upper levels house two spacious, two-story residential units.
3Each apartment features a generous two-bedroom, one-bathroomlayout, highly appealing to young professionals and families seeking space.
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Commercial Property in Toronto
About 1487 Gerrard Street East
1487 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in thevibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-levelresidential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare landassembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterialroad. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residentialbuild in a city actively pushing for density along established streetcar and transit routes.Currently tenanted by a stable, reliable business,providing predictable, long-term commercial income with an established footprint in the neighbourhood. Unlike standard compact cityapartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroomlayout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one ofToronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavilyfrom upcoming transit expansions, including the future Ontario Line which will feature a major transit hub slightly west at Gerrard and Carlaw.The City of Toronto is prioritizing the Gerrard Street East corridor for ongoing revitalization, bringing upgraded streetscapes, pedestrianimprovements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard IndiaBazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premiumresidential tenant demand
Toronto commercial priced at $1,300,000 — book a tour to see if it fits your search.
Inside 1487 Gerrard St E
Every detail from the listing, in one place.
Type
Commercial
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Store W Apt/Office
1487 Gerrard St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14097466$1,300,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1487 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
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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From 1487 Gerrard St E. Typical times without traffic delays; transit times aren't available yet.
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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.
Similar homes for sale nearby in Toronto
Other 2-bed homes for sale in Toronto around $1.3M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,464Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1487 Gerrard St E is listed at $1,300,000 (MLS® E14097466). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1487 Gerrard St E changed?
No — 1487 Gerrard St E is still listed at its original asking price of $1,300,000.
How many bedrooms and bathrooms does 1487 Gerrard St E have?
The listing for 1487 Gerrard St E doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 1487 Gerrard St E close to transit?
The nearest rapid-transit station is Coxwell Station (Line 2), about 1.3 km (about a 16-minute walk) in a straight line. Greenwood Station is about 1.4 km (about a 17-minute walk), and Woodbine Station is about 1.7 km (about a 21-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 1487 Gerrard St E compare with other homes in Toronto?
Its asking price of $1,300,000 is about 54% above the median sold price in Toronto over the last 90 days, $845,000, across 9,303 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1487 Gerrard St E been sold before?
Summitly has no earlier MLS® sale or lease of 1487 Gerrard St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1487 Gerrard St E?
1487 Gerrard St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1487 Gerrard St E been on the market?
2 days — 1487 Gerrard St E was listed on October 20, 2026.
What is the land transfer tax on 1487 Gerrard St E?
About $44,950 at the asking price of $1,300,000: $22,475 Ontario land transfer tax plus $22,475 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 1487 Gerrard St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1487 Gerrard St E?
The listing for 1487 Gerrard St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 1487 Gerrard St E built?
The listing for 1487 Gerrard St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
