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1918 Gerrard St E

1,742 SF 100% Leased Retail Building Toronto, ON M4L 2C1 $855,658 USD ($491 USD/SF) 6.39% Cap Rate

Retail Space Ontario Toronto 1918 Gerrard St E, Toronto, ON M4L 2C1

Investment Highlights

  • Vibrant Upper Beaches location
  • Flexible commercial unit setup
  • Extensive recent building renovations
  • Rear lane parking for two

Executive Summary

This fully renovated, two-storey mixed-use property offers a prime investment opportunity with a near 6% cap rate based on net income. Located in the vibrant retail node of the Upper Beaches, the building includes three residential units and one commercial storefront, all occupied by stable tenants. The second-floor tenant is currently month-to-month, providing the possibility of vacant possession. The property also features parking for two cars via the rear lane and extensive recent renovations, including basement underpinning, electrical, plumbing, kitchens, and bathrooms.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,742 SF
Building Class
C
Year Built
1920
Price
$855,658 USD
Price Per SF
$491 USD
Cap Rate
6.39%
NOI
$54,694 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Land Acres
0.03 AC
Parking
2 Spaces (1.15 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Tim Hortons
TD Canada Trust Branch and ATM
RBC Royal Bank
Scotiabank
Starbucks
CrossFit
CIBC
Sunset Grill
Sobeys
Coffee Time
(416) 530-1100

  • Listing ID: 33535415

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 1918 Gerrard St E, Toronto, ON M4L 2C1

The Retail Property at 1918 Gerrard St E, Toronto, ON M4L 2C1 is currently available For Sale. Contact Bosley Real Estate for more information.

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1918 Gerrard St E
(416) 530-1100 x

1918 Gerrard St E

1/2

Don Mulholland

(416) 530-1100

(416) 530-1100

Stephanie White-Willitts

(416) 530-1100

(416) 530-1100

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