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1395 Gerrard St E 21 Unit Apartment Building $3,838,299 USD ($182,776 USD/Unit) Toronto, ON M4L 1Z3
Investment Highlights
- Mixed-use investment with 21 residential units and one long-term commercial tenant.
- Located in a pedestrian-friendly, transit-accessible corridor with robust amenities.
- Units ready for lease at favorable market rates.
- Self-managed structure with dedicated maintenance oversight.
Executive Summary
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.
Property Facts
| Price | $3,838,299 USD | Building Class | C |
| Price Per Unit | $182,776 USD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| No. Units | 21 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | ||
| Zoning | CR - Commercial Residential Zone | ||
| Price | $3,838,299 USD |
| Price Per Unit | $182,776 USD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | CR - Commercial Residential Zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- On-Site Retail
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 365 |
| 1+1 | 15 | - | 442 |
| 2+1 | 2 | - | 909 |
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Keller Williams Portfolio Realty, Brokerage
1395 Gerrard St E
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