1485 GERRARD STREET E, Toronto (Greenwood-Coxwell)

$1,300,000

For sale: Other

Other at 1485 GERRARD STREET E, Toronto (Greenwood-Coxwell)
Property type
Store W Apt/Office
MLS®
MLS® E14097462
Neighbourhood
Greenwood-Coxwell

1485 Gerrard Street East offers an exceptional mixed-use income property with built-in stability and significant future upside. Located in thevibrant Gerrard India Bazaar and Greenwood-Coxwell corridor, this property features a strong commercial anchor, two expansive multi-levelresidential apartments, and dedicated rear parking. Crucially, with the adjacent property also available for sale, this site unlocks a rare landassembly opportunity for developers or a forward-thinking investor to assemble a wider, more versatile footprint on a major Toronto arterialroad. A combined footprint opens the door to future mid-rise development, comprehensive commercial expansion, or a larger multi-residentialbuild in a city actively pushing for density along established streetcar and transit routes.Currently tenanted by a stable, reliable business,providing predictable, long-term commercial income with an established footprint in the neighbourhood. Unlike standard compact cityapartments, the upper levels house two spacious, two-story residential units. Each apartment features a generous two-bedroom, one-bathroomlayout, highly appealing to young professionals and families seeking space. The Greenwood-Coxwell and Gerrard East corridor is one ofToronto's most active pockets for urban renewal, community investment, and infrastructure upgrades. The area is positioned to benefit heavilyfrom upcoming transit expansions, including the future Ontario Line which will feature a major transit hub slightly west at Gerrard and Carlaw.The City of Toronto is prioritizing the Gerrard Street East corridor for ongoing revitalization, bringing upgraded streetscapes, pedestrianimprovements, and better active transit infrastructure directly to the area. Surrounded by the eclectic dining and retail of the Gerrard IndiaBazaar, with Leslieville just to the south and the Danforth to the north, the location attracts a steady stream of foot traffic and premiumresidential tenant demand

Sold data

Homes in Greenwood Coxwell — recent sold market

Homes in Greenwood Coxwell took a median of 9 days to sell over the last 90 days, with the quickest quarter selling within 7 days and the slowest quarter taking more than 23, across 35 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 19 days.

The median sale price was $1,049,000.

Homes sold for about 1.0% below asking on average, so there was room to negotiate.

About 49% of sales closed above the list price.

Around 6% of sellers reduced their price before finding a buyer.

Median days to sell
9
Median sale price
$1,049,000
Sale-to-list ratio
99.0%
Sold above asking
49%

Based on 35 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Greenwood-Coxwell)

Toronto (Greenwood-Coxwell) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Greenwood-Coxwell)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1485 GERRARD STREET E