New 3D
House · For saleAug 10, 2026$3,500,000
Toronto · Banbury-Don Mills
6 bed5 bath3500-5000 sqft
MLS® C13662644ROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI
$3,499,990
Added Apr 7, 2026
Property type
Other
Style
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Not intended to solicit buyers or sellers currently under contract. All MLS® data is deemed reliable but not guaranteed.
Other
Size
5000 + sqft
Lot
17.5 × 114.78 Feet
Parking
3.0 spaces
Taxes
$1,330,000 /yr
MLS®
E12971250
Listed by
REALTY NETWORK
Turn-key mixed-use investment opportunity in prime downtown Toronto (1 Commercial + 5 Residential). Fully renovated building featuring a large main-floor commercial unit with a full basement plus five high-end residential apartments above. Situated on a high-exposure corner lot with over 7,000 sq. ft. of leased space and three on-site parking spaces, this is a low-maintenance, cash-flowing asset ideal for investors. The government-subsidized daycare tenant has recently signed a 10-year lease extension with scheduled rent increases from $32.00 to $44.00 per sq. ft. net over the lease term. All residential units are exempt from rent control, allowing annual rent increases as permitted under Ontario's post-November 2018 rules. The property currently generates approximately $220,000 NOI with a 5.54% cap rate, increasing to approximately $230,000 NOI and a 5.78% cap rate next year through scheduled rent increases. The seller is offering a 75% Vendor Take-Back (VTB) mortgage at 6.49% interest, fully open for two years to qualified buyers, allowing for positive cash flow while servicing debt. Simply acquire and enjoy this fully upgraded, income-producing asset. Contact us today for the full listing package!
Walk through this home
3D tour and additional media provided by the listing brokerage.
1415 Gerrard Street, Toronto, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$15,547/mo
Principal + interest
$15,547
Total interest
$1,864,221
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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