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1449 Gerrard St 3,354 - 7,354 SF of Retail Space Available in Toronto, ON M4L 1Z9
HIGHLIGHTS
- Entire property (lower level and first floor) must be leased as a package.
- Permissive zoning provide for a wide variety of potential uses
- Surrounded by diverse amenities and vibrant local community
- Front facing onto Gerrard St
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 4,000 SF | 1-5 Years | $9.42 USD/SF/YR $0.79 USD/SF/MO $37,681 USD/YR $3,140 USD/MO | Plus All Utilities | ||
| 1st Floor | 3,354 SF | 3-5 Years | $20.50 USD/SF/YR $1.71 USD/SF/MO $68,766 USD/YR $5,730 USD/MO | Triple Net (NNN) |
Lower Level
This space and the contiguous upper level space must be leased together. This turn-key lower level medical-office space is ideal for healthcare and related uses such as a wellness centre, physiotherapy, radiology, etc. This space is sure to impress! The brand new renovation includes an elevator for accessibility and a functional layout including 8 rooms, an open-concept recreation area, 2 accessible washrooms, sinks, and rough-ins throughout. Exposure on busy Gerrard Street with prominent signage and transit at the doorstep. Only 10 minutes to DVP and to Gardiner. Join a healthcare community in Toronto's east-end.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,354 SF of adjacent space
- Central Heating System
- 2 additional larger rooms may available at 500sf
- Co-tenants including a pharmacy and walk-in doctor
- Direct elevator access
1st Floor
This space and the contiguous lower level space must be leased together. This turn-key lower level medical-office space is ideal for healthcare and related uses such as a wellness centre, physiotherapy, radiology, etc. This space is sure to impress! The brand new renovation includes an elevator for accessibility and a functional layout including 8 rooms, an open-concept recreation area, 2 accessible washrooms, sinks, and rough-ins throughout. Exposure on busy Gerrard Street with prominent signage and transit at the doorstep. Only 10 minutes to DVP and to Gardiner. Join a healthcare community in Toronto's east-end.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,354 SF of adjacent space
- Central Heating System
- 2 additional larger rooms may available at 500sf
- Co-tenants including a pharmacy and walk-in doctor
- Direct elevator access
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,354 SF | Gross Leasable Area | 10,974 SF |
| Property Type | Retail | Year Built | 1910 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 7,354 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 10,974 SF |
| Year Built | 1910 |
ABOUT THE PROPERTY
Located in middle of Gerrard India Bazaar between Greenwood and Coxwell, this property features excellent frontage and is easily accessible.
- Bus Line
NEARBY MAJOR RETAILERS
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1449 Gerrard St
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