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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
5 Bath Commercial Property in Toronto
About 688 Gerrard Street
Exceptional opportunity to own a newly renovated mixed-use property in a high-demand corridor. Located in a vibrant, high-traffic area with excellent visibility and accessibility, this property benefits from steady foot traffic and strong neighborhood growth. The property offers the perfect blend of commercial and residential space, the main floor commercial unit has been recently renovated and leased. The 2nd Floor has 2 units with separate bedroom/kitchen/bathroom; The stable, reliable tenants, providing consistent income and strong investment fundamentals. Cross street School, very stable customers' source, close to High Way and transportation. Basement with 2 washrooms and walk-in freezer. 2 water tanks separate for each floor.
Toronto retail priced at $1,200,000 — book a tour to see if it fits your search.
Inside 688 Gerrard St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
1500
Listing & possession
Property class
Commercial Retail
688 Gerrard St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E12890690$1,200,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 688 Gerrard St 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.
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 ratio5253.8%On average, homes sold at or above asking.
Active listings11,694Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 17 – Aug 15, 2026: prices down.
Based on 9,020 sales from Aug 15 – Nov 13, 2026 (7,222 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
688 Gerrard St is listed at $1,200,000 (MLS® E12890690). Summitly updates the price as soon as the MLS® record changes.
Has the price of 688 Gerrard St changed?
No — 688 Gerrard St is still listed at its original asking price of $1,200,000.
How many bedrooms and bathrooms does 688 Gerrard St have?
688 Gerrard St has 5 bathrooms. It is a commercial property in Toronto.
Is 688 Gerrard St close to transit?
The nearest rapid-transit station is Chester Station (Line 2), about 1.3 km (about a 17-minute walk) in a straight line. Broadview Station is about 1.4 km (about a 17-minute walk), and Pape Station is about 1.5 km (about a 19-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 688 Gerrard St compare with other homes in Toronto?
Its asking price of $1,200,000 is about 43% above the median sold price in Toronto over the last 90 days, $840,000, across 9,020 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 688 Gerrard St been sold before?
Summitly has no earlier MLS® sale or lease of 688 Gerrard St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 688 Gerrard St?
688 Gerrard St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 688 Gerrard St been on the market?
241 days — 688 Gerrard St was listed on March 17, 2026.
What is the land transfer tax on 688 Gerrard St?
About $40,950 at the asking price of $1,200,000: $20,475 Ontario land transfer tax plus $20,475 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 688 Gerrard St 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 688 Gerrard St?
The listing for 688 Gerrard St 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 688 Gerrard St built?
The listing for 688 Gerrard St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
