How can Zara help?Zara · AI virtual agent · 24/7 · free
Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Toronto
About 2480 Gerrard Street East
Business for Sale! Recently licensed to sell liquor with steadily increasing sales. This well-maintained and spotless store is located in a busy Plaza with McDonald, Tim Hortons and freshCo, featuring an extra-large retail space that offers flexibility to add additional businesses or services perfect for entrepreneurial growth. Current average weekly sales are approximately $13,000 (with about 40% from cigarettes), plus lottery commissions of $6,000/month And another $1,000 from ATM, Bitcoin, Cig. rebate and Cig. cartoon sale), Operating costs are low, averaging $1,000/month for utilities and other expenses. A brand-new 4 years lease is in place at $5.971.67/month net-net rent Plus TMI($2109). The business currently operates limited hours (7 AM-10 PM), leaving room to extend hours and increase revenue. This is an excellent family-run opportunity, offering growth potential and a solid foundation. Current owner run this business for 28 Years and he only worked from 7Am-2:30Pm Monday to Friday.
Toronto business priced at $99,000 — book a tour to see if it fits your search.
Inside 2480 Gerrard St E
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
2480 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® E14146166$99,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2480 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.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
For homeowners nearby
Own a home on Gerrard Street East? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 2480 Gerrard St E with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 2480 Gerrard St E day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings13,312Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 2480 Gerrard St E
How much is 2480 Gerrard St E listed for?
2480 Gerrard St E is listed at $99,000 (MLS® E14146166). Summitly updates the price as soon as the MLS® record changes.
Has the price of 2480 Gerrard St E changed?
No — 2480 Gerrard St E is still listed at its original asking price of $99,000.
How many bedrooms and bathrooms does 2480 Gerrard St E have?
The listing for 2480 Gerrard St E doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
How does 2480 Gerrard St E compare with other homes in Toronto?
Its asking price of $99,000 is about 88% below the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 2480 Gerrard St E been sold before?
Summitly has no earlier MLS® sale or lease of 2480 Gerrard St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2480 Gerrard St E?
2480 Gerrard St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2480 Gerrard St E been on the market?
1 day — 2480 Gerrard St E was listed on November 3, 2026.
What is the land transfer tax on 2480 Gerrard St E?
About $1,430 at the asking price of $99,000: $715 Ontario land transfer tax plus $715 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 2480 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 2480 Gerrard St E?
The listing for 2480 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 2480 Gerrard St E built?
The listing for 2480 Gerrard St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.