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$ 23,500,000
Est. payment /mo
Active
66 Gerrard ST E Toronto C08, ON M5B 1G3
20,956 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 20,956 sqft
Price per Sqft $1,121
Subdivision Church-Yonge Corridor
MLS Listing ID C12387032
Annual Tax Amount $122,689
Tax Year 2024
Property Sub-Type Investment
Lot Depth 100.99
Lot Front 78.33
Property Description
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.
Location
Province ON
County Toronto
Community Church-Yonge Corridor
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Public Transit, Subways
Utilities Available Available
Lot Frontage 78.33
Lot Depth 100.99
Listed by RE/MAX ALL-STARS REALTY INC.
