$1,300,000 Sale

Listed 23 hours ago

1487 GERRARD STREET E

MLS® e14097466 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 2

Sqft · 2800

Est. mortgage

$4,932/mo

Key Facts

Key facts for 1487 GERRARD STREET E

Property Type

Commercial

Parking

Garage: No, 2 parking

MLS #

E14097466

Size

2800 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 apartment...s, 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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

2800 sqft

Heating Source

Natural gas

Heating Type

Forced air, Baseboard heaters

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

2800 sqft

Heating Source

Natural gas

Heating Type

Forced air, Baseboard heaters

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

16.73 x 100 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

CR2(c1;r2*1573)

Acreage

16.73 x 100 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

CR2(c1;r2*1573)

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Community

Greenwood-Coxwell

Area Code

Toronto (Greenwood-Coxwell)

Community

Greenwood-Coxwell

Area Code

Toronto (Greenwood-Coxwell)

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Diego Delgado

Email: [email protected] Cell: 613-363-7596