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For saleMLS® E13826238

1279-1281 Gerrard Street E, Toronto, ON M4L 1Y5

Greenwood-Coxwell · E01 · M4L 1Y5

$2,599,999

$650 / sq ft

1 months on market

Total area: 4,000 sf
Lot: 33.79 × 110.17 ft

What's special

About this property

Rare 9-Unit Investment Opportunity in Downtown Toronto!! Over $230k in Gross Annual Income! Exceptional opportunity to acquire two renovated, side-by-side properties on separate legal titles, offering a total of 9 units 7 residential apartments and 2 commercial spaces in a vibrant and high-demand Toronto neighbourhood. All units have been tastefully renovated from top to bottom and are tenanted with strong rental income in place. Located in the heart of the Greenwood-Coxwell area, known for its walkability, excellent transit access, and dynamic urban lifestyle. This thriving community is surrounded by shops, trendy cafes, and great restaurants, making it a hotspot for tenants and investors alike. A rare turnkey asset with immediate income and long-term appreciation potential in a downtown location.

Property details

Property

Property type: retail
Interior size: 4,000 sq ft
Lot size: 33.79 × 110.17 ft
Zoning: Commercial
Possession: TBD

Interior

Heating: Gas Forced Air Open
Cooling: Yes

Exterior & services

Sewer: Septic

Costs

List price: $2,599,999
Property taxes: $19,701 / year (2025)
Price per sq ft: $650

Listing

MLS® number: E13826238
Status: For sale
Listed: September 24, 2026
Days on market: 41
Last updated: September 24, 2026
Listing brokerage: Real Capital Group Inc.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 80% of comparable retail listings in Greenwood-Coxwell are asking less.

$1.16MMedian $1.59M$3.41M

This home: $650 / sq ft
Comparable median: $640 / sq ft

Based on 20 comparable active retail listings in Greenwood-Coxwell. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $520,000

$520,000

Interest rate5-year fixed, illustrative only

4.49%

Amortization

Principal & interest: $11,500.67
Property tax (est.): $1,641.75
Estimated monthly: $13,142

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

First-time buyerInside the City of Toronto

Ontario: $51,475
Toronto municipal: $51,475
Total due on closing: $102,950

An estimate on the asking price of $2,599,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Real Capital Group Inc.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$2,599,999

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Comparable sales nearby

What similar homes in this area actually sold for.

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Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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Similar properties nearby

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