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$ 23,500,000
Est. payment /mo
Active
66 Gerrard ST E Toronto C08, ON M5B 1G3
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto C08
Subdivision Church-Yonge Corridor
MLS Listing ID C12387032
Annual Tax Amount $122,689
Tax Year 2024
Property Sub-Type Investment
Property Description
For Sale - 66 Gerrard Street East, TorontoThree-Storey Commercial Building | Approx. 21,000 Sq. Ft. | Corner of Gerrard St E & Church StA well-maintained, three-storey brick-and-beam commercial building positioned at the southeast corner of Gerrard Street East and Church Street in downtown Toronto. The property offers approximately 21,000 sq. ft. of leasable space on a 78 ft. x 101 ft. lot. Zoned CR, the site supports a wide range of commercial and mixed-use applications, including office, medical, retail, hospitality, and institutional uses (subject to municipal permissions).Building HighlightsProminent corner location with strong visibility and signage potentialEfficient floor layouts across all three levelsStable tenant mix providing dependable incomeCurrent occupants include medical/healthcare offices, professional services, two restaurants, and an event venue with active operationWell-managed asset with consistent day-to-day performanceLocation AdvantagesSituated steps from Toronto Metropolitan University, major hospital institutions, public transit, and established residential and institutional nodes. The area benefits from high pedestrian and vehicle traffic, a strong daytime population, and convenient access to neighbourhood amenities.Investment SummaryAn opportunity to acquire a solid income-producing asset with long-term redevelopment potential in one of Toronto's high-growth urban corridors. Well-suited for investors, developers, or owner-users seeking a centrally located downtown commercial property.
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Public Transit, Subways
Utilities Available Available
Lot Frontage 78.33
Lot Depth 100.99
Others
ParcelsYN No
Listed by RE/MAX ALL-STARS REALTY INC.