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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
Property Description
66 Gerrard Street East presents an outstanding opportunity to acquire a well-maintained, three-storey brick-and-beam commercial building located at the prominent corner of Gerrard Street East and Church Street in downtown Toronto. The property offers approximately 21,000 square feet of leasable area on a 78 ft. x 101 ft. lot and is designated under CR zoning, permitting a wide range of commercial and mixed-use applications, including office, medical, retail, hospitality, and institutional uses.The building features strong corner exposure, functional floor layouts, and a stable tenant mix generating consistent rental income. Current occupants include medical and healthcare offices, professional service firms, two established restaurants, and an event venue with regular bookings.Ideally situated steps from Toronto Metropolitan University, major hospitals, public transit, and new residential and institutional developments, the property benefits from excellent visibility, high pedestrian and vehicular traffic, and a strong daytime population.This asset provides both steady income and long-term redevelopment potential in one of Toronto's most dynamic growth corridors, making it suitable for investors, developers, and owner-occupiers seeking a high-profile downtown location.
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
Others
ParcelsYN No
Listed by RE/MAX ALL-STARS REALTY INC.