1487 Gerrard Street E,Toronto E01, ON M4L 2A4
Toronto E01, ON M4L 2A4
Description
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
Details
| MLS # | E14097466 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 11 |
| Listing Provided By | RE/MAX HALLMARK REALTY LTD. | E14097466 259012 |
Features
| SQ Feet | 2,800 |
|---|---|
| Acreage | 0.06 |
Interior
| Cooling | Partial |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 10006 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT BLK D PL 1301 TORONTO PT 7, 8 & 9, 63R679 T/W & S/T CT893237; S/T EXECUTION 94-019886, IF ENFORCEABLE; S/T EXECUTION 95-003742, IF ENFORCEABLE; CITY OF TORONTO |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto E01 |
| Postal Code | M4L 2A4 |
| Area | Greenwood Coxwell |
| Listing VS Median (in M4L 2A4) | |
Price: $1,300,000 low | high Med: $1,300,000 sqft: 2,800 low | high Med: 2,800 $ / sqft: $464 low | high Med: $464 On site: 11 low | high Med: 11 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto E01 |
| Postal Code | M4L 2A4 |
| Area | Greenwood Coxwell |
| Listing VS Median (in M4L 2A4) | |
Price: $1,300,000 low | high Med: $1,300,000 sqft: 2,800 low | high Med: 2,800 $ / sqft: $464 low | high Med: $464 On site: 11 low | high Med: 11 | |
