$23,500,000
Available - For Sale
Listing ID: C12387032
66 Gerrard Stre East , Toronto, M5B 1G3, Toronto
| 66 Gerrard Street East Downtown TorontoProminent Corner Commercial Asset with Income & Redevelopment Potential. A rare opportunity to acquire a three-storey brick-and-beam commercial building at the corner of Gerrard Street East & Church Street, in the heart of downtown Toronto.Offering approximately 21,000 sq. ft. of leasable space on a 78 ft. x 101 ft. lot, this property provides both immediate income stability and long-term redevelopment upside.Building FeaturesApprox. 21,000 sq. ft. across 3 levelsBrick-and-beam construction with functional layoutsProminent corner frontage offering strong signage visibilityCR zoning permitting a wide range of commercial usesRedevelopment potential for higher-density mixed-use (subject to municipal approvals)TenancySolid tenant base including:Medical & healthcare officesTwo established restaurants with long-standing clienteleEvent space with consistent bookingsProfessional service officesDiverse mix ensures reliable income streams and broad market appealLocation HighlightsSteps from Toronto Metropolitan University (TMU), major hospitals, and subway stations at College and DundasSituated in one of Torontos fastest-growing corridors, surrounded by new high-rise residential developmentsHigh pedestrian traffic, strong daytime population, and excellent transit connectivityProximity to education, healthcare, retail, and residential communities ensures tenant demand and long-term stabilityInvestment SummaryThis property combines the character and functionality of a brick-and-beam downtown building with the income security of established tenancies. Its prime corner location and CR zoning offer an attractive future redevelopment opportunity, making it a strong hold for investors, developers, or owner-users. |
| Price | $23,500,000 |
| Taxes: | $122689.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 66 Gerrard Stre East , Toronto, M5B 1G3, Toronto |
| Postal Code: | M5B 1G3 |
| Province/State: | Toronto |
| Legal Description: | LT 17 N/S GERARD ST PL 22A TORONTO; PT L |
| Directions/Cross Streets: | Gerrard St E & Church |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Office |
| Building Percentage: | T |
| Total Area: | 20956.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 13730 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Subways |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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| RE/MAX ALL-STARS REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Church-Yonge Corridor |
| Tax: | $122,689 |
| Fireplace: | N |
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