1487 Gerrard Street East, Toronto (Greenwood-Coxwell) - Retail for Sale
1487 Gerrard Street East, Toronto (Greenwood-Coxwell), Ontario, M4L2A4
2 parking2,800 ft²17 × 100 ft (1,673 sq ft) lot sizeListed 15 days ago
Overview
This retail property in Toronto is for sale offering roughly 2,800 sq ft of space. It has been on the market 15 days, fresher than the Toronto average of 51 days.
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 apartments, 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:66096)
Property Details
MLS®
E14097466
Property Type
Retail
Zoning
CR2(c1;r2*1573)
Parking
2
Interior Size
2,800 ft²
Lot Size
17 × 100 ft (1,673 sq ft)
Frontage
17 ft
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Partially air conditioned
Property Tax
$10,006/yr
Listed
15 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
15d
Toronto (Greenwood-Coxwell) listings, avg age
51d
Price / ft²
$464
List price
$1.30M
Active: 15 days on market, against an average age of 51 days across the listings currently for sale in this city
Market timing · days on market0 → 51d avg age of current listings
Active · day 15
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
Haho
This retail in Toronto (Greenwood-Coxwell) has been listed for 15 days, which is 36 days fresher than the city average of 51. Act while there is still low competition.
Listed by RE/MAX HALLMARK REALTY LTD. · DYLAN PROVENCHER
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (M4L)
This home lists at $1,300,000, about 12.9× the local median household income of $101,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 151% above the area median.
Median household income
$101,000
Population
32,218
Median age
40.8
Owner / renter
61% / 39%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA M4L)
$1,300,000· $464/ft²
For sale
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