1485 Gerrard Street E Toronto, Ontario M4L 2A4
$1,300,000
1485 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 (id:62692)
Property Details
| MLS® Number | E14097462 |
| Property Type | Retail |
| Community Name | Greenwood-Coxwell |
| Parking Space Total | 2 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Baseboard Heaters |
| Size Exterior | 2800 Sqft |
| Size Interior | 2,800 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 100 Ft |
| Size Frontage | 16 Ft ,3 In |
| Size Irregular | Bldg=16.33 X 100 Ft |
| Size Total Text | Bldg=16.33 X 100 Ft |
| Zoning Description | Cr2(c1;r2*1573) |
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October 20 2026 03:30:29
Toronto Regional Real Estate Board
RE/MAX Hallmark Realty Ltd.