66 Gerrard St E 22,668 SF 100% Leased Retail Building Toronto, ON M5G 2A7 $17,020,844 USD ($750.88 USD/SF)

66 Gerrard Street East
Income-Producing Downtown Asset with Redevelopment Potential
A rare opportunity to acquire a fully income-producing commercial property in the heart of downtown Toronto, positioned on a prominent corner at Gerrard Street East & Church Street.
This three-storey brick-and-beam building offers approximately 21,000 sq. ft. of leasable space on a 78 ft. x 101 ft. lot, combining stable cash flow today with significant long-term redevelopment upside.
Investment Highlights
• Established, diversified tenant base generating consistent income
• Medical and healthcare offices
• Two well-established restaurants
• Event space with recurring bookings
• Professional service offices
The diversified tenancy mix provides strong risk mitigation and dependable revenue streams.
• Prominent corner exposure with exceptional visibility
• CR zoning allowing a wide range of commercial and mixed-use uses
• Large footprint lot in a high-growth downtown corridor
• Surrounded by high-rise residential intensification
Redevelopment Opportunity
The site’s location, frontage, and zoning position it as a strong candidate for future higher-density mixed-use redevelopment (subject to municipal approvals).
With continuous area intensification, proximity to Toronto Metropolitan University, hospitals, transit, and new residential towers, the long-term land value trajectory is compelling.
Investment Summary
This is a strategic hold:
Incomeproducing today.
Land play tomorrow.
Ideal for investors seeking stable cash flow with built-in appreciation through future redevelopment potential.