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$1,300,000
Ontario,Toronto (South Riverdale)
For Sale Active
1048 GERRARD STREET E, Toronto (South Riverdale), Ontario M4M1Z8
  • 1,789 Sqft
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Basic Details
Description

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 (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: E12772442
  • Price: $1,300,000
  • Square Footage: 1,789 Sqft
  • Status: Active
  • Office Name: CENTURY 21 LEADING EDGE REALTY INC.
  • Property Sub Type: Retail
  • Office Key: 50716
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Toronto (South Riverdale), M4M1Z8
  • Street: GERRARD
  • Street Number: 1048
  • Street Suffix: Street
  • Longitude: W80° 39' 49''
  • Latitude: N43° 40' 9.2''
  • Street Dir Suffix: East
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=6.06 x 33.56 M
Financial
  • Tax Annual Amount: 9769.09
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Listing updated: 2026-03-01 11:42:12
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Listing Information
  • List Agent Key: 1966806
  • List Office Key: 50716
  • Modification Timestamp: 2026-02-09T19:40:23Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-02-09T19:32:48Z
Powered by REALTOR.ca
Listing updated: 2026-03-01 11:42:13
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