CAONToronto1048 Gerrard St E
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1048 Gerrard St E, Toronto, ON

Real Estate

For Sale

Listed price in listed location currency (CAD).
$1,300,000

000

MLS® E12772442

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $9,769
Days Active 0
Approx. Age 
MLS® Number E12772442

Property Address: 1048 Gerrard St E, Toronto, ON, M4M1Z8

Average square foot calculated using Size range provided by listing agent.

Description

Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
MLS® NumberE12772442
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 9, 2026List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1048 Gerrard St E, Toronto, ON

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