1048 GERRARD Street

ActiveRiverdale / Leslieville127 days on marketMLS® E12945340
$1,199,000
$670 / sq ft
Bedrooms0
Bathrooms0
Interior1,789 sq ft
TypeCommercial
ListingFor Sale
Days on Market127

About this property

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

Features & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberE12945340
StatusActive
Listing TypeFor Sale
Property TypeCommercial
Interior Size1,789 sq ft
Beds / Baths0 bed · 0 bath
CityRiverdale / Leslieville
Postal CodeM4M 1Z8
ProvinceON
Listed DateApril 1, 2026
Days on Market127
Price per Sq Ft$670
BrokerageCENTURY 21 LEADING EDGE REALTY INC.

Location

Similar Properties Nearby

Photo of 1331 Queen Street Unit 403Just Listed
$699,900
1331 Queen Street Unit 403
Riverdale / Leslieville · 2 bed · 1 bath · Condo
Photo of 391 Jones AvenueJust Listed
$749,900
391 Jones Avenue
Riverdale / Leslieville · 2 bed · 1 bath · Townhouse
Photo of 16 Blong AvenueJust Listed
$1,399,000
16 Blong Avenue
Riverdale / Leslieville · 3 bed · 1 bath · Townhouse

Sold Properties Nearby

Sign in to reveal recent sold prices in this area.

Virtual tour

Listed by CENTURY 21 LEADING EDGE REALTY INC.