1487 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in the vibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-level residential apartme...nts, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare land assembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterial road. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residential build 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 city apartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroom layout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one of Toronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavily from 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, pedestrian improvements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard India Bazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premium residential tenant demand.
Full Property Details
General
Business Type
-
Retail Area
1000.00 Sq Ft
Office Area
1800.00 Sq Ft
Total Area
2800.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Retail Area
1000.00 Sq Ft
Office Area
1800.00 Sq Ft
Total Area
2800.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Partial
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Partial
Exterior
Depth
100.0
Front
16.73
Lot Size
17 x 100.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CR2(c1;r2*1573)
Depth
100.0
Front
16.73
Lot Size
17 x 100.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CR2(c1;r2*1573)
Building Description
Home Type
Commercial
Subtype
Store W Apt/Office
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Store W Apt/Office
Water Supply
Municipal
Possession Date
No Data
Community
Community
Greenwood-Coxwell
Community
Greenwood-Coxwell
Taxes & Fees
Taxes
$10,006 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$10,006 /yr
Tax Year
2025
Occupancy
Tenant
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