$5,795,000Asking Price
1395 Gerrard Street, Toronto, ON M4L 1Z3
Leslieville, Toronto
This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2031, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2031. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. 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.
This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2031, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2031. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. 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 MoreKey Info
- Other Multiplex
- 4+ Parking
- No Garage
- Gerrard St E & Greenwood
- 5000 + Approximate Sq Feet
- No Ensuite Laundry
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $23,858 in 2024
- Possession: 30-60 days/Flex
Details
- Brick Exterior
- No Fireplace
- 11 Kitchens
- MLS #E12103997
- KELLER WILLIAMS ADVANTAGE REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 2 4-Piece Bathrooms on Main Floor | |||
| 4 4-Piece Bathrooms | |||
| 1 2-Piece Bathroom | |||
| 5 4-Piece Bathrooms | |||
How Far is Too Far?
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Who lives here?
Leslieville, Toronto is a central Toronto neighbourhood notable for its university grads, executives, science, education, law & public sector and arts & culture professionals and salespeople. It has a higher than average population of immigrants from China, and Cantonese speakers. Residents with a significant number of babies, kids aged 5 to 9 and adults aged 30 to 54.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
48%
of residents are
single and loving it.
48% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
39%
of residents
are renters.
39% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
51%
of residents are
university grads.
51% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$125K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Business | 11% |
| Management | 11% |
| Government | 10% |
| Culture | 9% |
Immigrants
29%
of residents were
born outside of Canada.
29% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
8.2% from China
All-time
Birthplace - Recent
0.9% from China
Recent
Foreign Languages
Foreign Languages
| Cantonese | 9% |
| Mandarin | 3% |
| French | 3% |
| Spanish | 1% |
| Chinese | 1% |
Religions
Religions
| Christian | 42% |
| Buddhist | 7% |
| Muslim | 4% |
| Jewish | 2% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
17
Social housing buildings
in the neighbourhood.
Shelters
Shelters
2
Homeless shelters in
the neighbourhood.
