ON > Toronto C08 > Church-Yonge Corridor
Toronto C08, ON M5B 1G3,66 Gerrard ST E
Toronto C08, ON M5B 1G3,66 Gerrard ST E
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 23,500,000
Est. payment | /mo

20,956 SqFt

Save
$ 23,500,000
Est. payment | /mo
Save

20,956 SqFt

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

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.
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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