66 Gerrard St E - Storefront Retail/Office FOR SALE


Toronto, ON M5G 2A7- Church-Yonge Corridor
$23,500,000 CAD
647-204-4663
66 Gerrard St E, Toronto, ON for Sale
$23,500,000 CAD
Storefront Retail/Office - FOR SALE
1/49
null | Request Cap Rate

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


OVERVIEW

66 Gerrard Street East Downtown Toronto Prominent Corner Commercial Asset with Income & Redevelopment Potential. A rare opportunity to acquire a three-storey brick-and-beam commercial building at the corner of Gerrard Street East & Church Street, in the heart of downtown Toronto. Offering approximately 21,000 sq. ft. of leasable space on a 78 ft. x 101 ft. lot, this property provides both immediate income stability and long-term redevelopment upside. Building Features Approx. 21,000 sq. ft. across 3 levels Brick-and-beam construction with functional layouts Prominent corner frontage offering strong signage visibility CR zoning permitting a wide range of commercial uses Redevelopment potential for higher-density mixed-use (subject to municipal approvals)Tenancy Solid tenant base including: Medical & healthcare offices Two established restaurants with long-standing clientele Event space with consistent bookings Professional service offices Diverse mix ensures reliable income streams and broad market appeal Location Highlights Steps from Toronto Metropolitan University (TMU), major hospitals, and subway stations at College and Dundas Situated in one of Torontos fastest-growing corridors, surrounded by new high-rise residential developments High pedestrian traffic, strong daytime population, and excellent transit connectivity Proximity to education, healthcare, retail, and residential communities ensures tenant demand and long-term stability Investment Summary This property combines the character and functionality of a brick-and-beam downtown building with the income security of established tenancies. Its prime corner location and CR zoning offer an attractive future redevelopment opportunity, making it a strong hold for investors, developers, or owner-users.

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
647-204-4663

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Rodica IliescuRe/Max All-Stars Realty IncMore Info
647-204-4663

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