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1048 GERRARD Street E
South Riverdale
Toronto
M4M 1Z8
$1,300,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E12772442
- Photos (47)
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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
- Property Type:
- Commercial
- Property Sub Type:
- Store W Apt/Office
- Freestanding:
- No
- Total Area:
- 1789 sq. ft. Square Feet
- Total Area:
- 1,789 sq. ft.166 m2
- Retail Area:
- 1031 sq. ft. Sq Ft
- Office/Apt Area:
- 758 sq. ft. Sq Ft
- Lot Depth:
- 33'7"10.2 m
- Lot Frontage:
- 6'1"1.85 m
- Water supply:
- Municipal
- Zoning:
- CR2.5(c1;r2.5*1579)
- Heating type:
- Gas Forced Air Closed
- Garage:
- Outside/Surface
- Possession Details:
- IMMEDIATE
- HST Applicable To Sale Price:
- In Addition To
- Type Taxes:
- Annual
- Taxes:
- $9,769.09 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto E01
- South Riverdale
- No
- All existing equipment and appliances (As is)
- Utilities:
- Yes
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Category:
- Store With Apt/Office
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Data was last updated February 16, 2026 at 12:15 PM (UTC)
- Tanya Crepulja
- Keller Williams Real Estate Associates, Brokerage
- 647-293-3785
- tanya@tcteam.ca
- Steven Fontes
- Keller Williams Real Estate Associates, Brokerage
- 416-831-2161
- steve@tcteam.ca
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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