66 Gerrard St E - Storefront Retail/Office FOR SALE


Toronto, ON M5G 2A7- Church-Yonge Corridor
$23,500,000 CAD
437-372-5107
66 Gerrard St E, Toronto, ON for Sale
$23,500,000 CAD
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

66 Gerrard St E
Toronto, ON M5G 2A7
Church-Yonge Corridor


OVERVIEW

66 Gerrard Street East Income-Producing Downtown Asset with Redevelopment Potential A rare opportunity to acquire a fully income-producing commercial property in the heart of downtown Toronto, positioned on a prominent corner at Gerrard Street East & Church Street. This three-storey brick-and-beam building offers approximately 21,000 sq. ft. of leasable space on a 78 ft. x 101 ft. lot, combining stable cash flow today with significant long-term redevelopment upside. Investment Highlights • Established, diversified tenant base generating consistent income • Medical and healthcare offices • Two well-established restaurants • Event space with recurring bookings • Professional service offices The diversified tenancy mix provides strong risk mitigation and dependable revenue streams. • Prominent corner exposure with exceptional visibility • CR zoning allowing a wide range of commercial and mixed-use uses • Large footprint lot in a high-growth downtown corridor • Surrounded by high-rise residential intensification Redevelopment Opportunity The site’s location, frontage, and zoning position it as a strong candidate for future higher-density mixed-use redevelopment (subject to municipal approvals). With continuous area intensification, proximity to Toronto Metropolitan University, hospitals, transit, and new residential towers, the long-term land value trajectory is compelling. Investment Summary This is a strategic hold: Incomeproducing today. Land play tomorrow. Ideal for investors seeking stable cash flow with built-in appreciation through future redevelopment potential.

FOR SALE DETAILS

PRICE

$23,500,000 CAD

PRICE/SF

$1,037 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1855

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CR T3.0 C2.0 R3.0

APN/PARCEL ID

190406668002500

ASK ABOUT THIS PROPERTY

Rodica IliescuRe/Max All-Stars Realty IncMore Info
437-372-5107

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Rodica IliescuRe/Max All-Stars Realty IncMore Info
437-372-5107

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