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2139 Gerrard Street E
East End-Danforth Toronto M4E 2C1

$1 /For Sale
Commercial

Main Photo: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
Photo 1: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
Photo 2: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
Photo 3: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12842338
Bus Major:
Apts - 13 To 20 Units
16-unit rental apartment building in Toronto's Upper Beaches corridor. Excellent transit-connected location along Gerrard St E with excellent redevelopment and rental repositioning potential. Building is currently comprised of entirely bachelor units. Property requires significant renovation and capital improvement. Being sold strictly as-is, where-is with no representations or warranties. Buyer to assume all existing tenants. Ideal opportunity for developers, experienced investors, or those looking for a value-add multi-residential asset.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3200 sq. ft. Square Feet
Total Area:
3,200 sq. ft.
Lot Depth:
125'
Lot Frontage:
50'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
R (1d*7)
Heating type:
Gas Forced Air Open
Garage:
Lane
Parking Spaces:
6
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$21,300 / 2026
Assessment:
$- / 2025
Toronto
Toronto E02
East End-Danforth
None
Property being sold as-is-where-is
None
Utilities:
Available
Energy Certification:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Date Listed:
Mar 04, 2026
Original Price:
Previous Price:
  • Photo 1: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
    Photo 1 of 3
  • Photo 2: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
    Photo 2 of 3
  • Photo 3: 2139 Gerrard Street E in Toronto: East End-Danforth Commercial for sale (Toronto E02)  : MLS®# E12842338
    Photo 3 of 3
Listed by KELLER WILLIAMS REFERRED URBAN REALTY
Data was last updated March 5, 2026 at 05:15 PM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.