1487 Gerrard Street E
Toronto E01, ON M4L 2A4
Price
$1,490,000
Building Size
2,800 sq ft
MLS# E13758290 | Listed by RE/MAX HALLMARK REALTY LTD.
Business Details
Property Use
Store With Apt/Office
Commercial Space & Financials
Retail Area
1,000 sq ft
Office / Apt Area
1,800 sq ft
Taxes (Annual)
$10,006
Industrial Specifications
Parking
2 spaces (None)
Lot Size
16.73' × 100'
Property Description
1487 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in the vibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-level residential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare land assembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterial road. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residential build 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 city apartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroom layout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one of Toronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavily from 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, pedestrian improvements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard India Bazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premium residential tenant demand.
Price & Status History
Price history is locked
Location
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1487 Gerrard Street E, Toronto E01 M4L 2A4
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Listing Courtesy of: RE/MAX HALLMARK REALTY LTD.
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