1395 Gerrard St E - Apartments FOR SALE


$5,450,000 CAD
416-864-3888
1395 Gerrard St E, Toronto, ON for Sale
$5,450,000 CAD
Apartments - FOR SALE
1/6
null | Request Cap Rate


HIGHLIGHTS

  • Mixed-use investment with 21 residential units and one long-term commercial tenant.
  • Units ready for lease at favorable market rates.
  • Located in a pedestrian-friendly, transit-accessible corridor with robust amenities.
  • Self-managed structure with dedicated maintenance oversight.

OVERVIEW

Live in one of the units or Live/Work in the same building or Rent all. Excellent investment opportunity with a cap rate of 5.5%! 20 Residential Units with a mix of 4 x Studios, 11 x 1 Bedroom, 5 x 2 Bedrooms units and a commercial store with lease ending end of 2026. Currently 3 vacant units (2x1BR, 1x2BR) allowing for possible renovations to attract a higher rent. Great mix for income stability and potential for value and rental appreciation - see attached for Property Proforma. Currently self managed (proforma shown with a property management company) with a cleaning/maintenance person. Mostly month to month tenancies. This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. Popular high demand area due to a high Walk score of 93, a Transit score for 73, and a Bike Score of 79. Allows easy access to run errands and daily living with great transit to the downtown core if needed. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs. See attached floor plans - not exactly as shown as some kitchens may have been altered. Major renovation and new addition done in 2012 with permits. See upgrades/updates on attached document.

FOR SALE DETAILS

PRICE

$5,450,000 CAD

PRICE/SF

$495 CAD /SF

# OF UNITS

21

PRICE/UNIT

$259,524

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,750 SF

ZONING

CR

APN/PARCEL ID

CUSTOM-4754794

ASK ABOUT THIS PROPERTY

Robert WongKeller Williams Portfolio Realty, BrokerageMore Info
416-864-3888

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Robert WongKeller Williams Portfolio Realty, BrokerageMore Info
416-864-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.