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1036 Gerrard Street E
South Riverdale Toronto M4M 1Z5

$299,000 /For Sale
Commercial

Main Photo: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 1: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 2: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 3: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 4: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 5: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 6: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 7: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 8: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 9: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 10: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 11: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 12: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 13: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 14: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 15: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 16: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 17: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 18: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 19: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 20: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 21: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 22: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 23: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 24: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 25: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 26: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 27: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 28: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 29: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 30: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Photo 31: 1036 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12396646
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12396646
Bus Major:
Restaurant
The Dive Shop is a stunning licensed restaurant and bar with a rich history and strong local following, located in the heart of one of Toronto's coolest neighbourhoods. Known for its unique character and thoughtfully designed interior, this 1,200 sq ft space offers a distinctive layout that stands out in the market. The restaurant features a full kitchen with an 8-ft commercial hood, and two patios front and back with combined seating for 77 (41indoors, 36 on patios). The inviting atmosphere and standout buildout make it ideal for a variety of concepts, from casual dining to elevated bar service. Adding to its appeal is a beautifully finished two-bedroom, two-bathroom apartment upstairs, designed by the same architect. This space is perfect for an owner/operator or can be used as an income-generating rental or Airbnb. Please do not go direct or speak to staff.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
2400 sq. ft. Square Feet
Total Area:
2,400 sq. ft.
Retail Area:
1200 sq. ft. Sq Ft
Office/Apt Area:
1200 sq. ft. Sq Ft
Depth:
90'
Frontage:
17'10"
Water supply:
Municipal
Soil Test:
No
Zoning:
Business Commercial
Heating type:
Gas Forced Air Closed
Survey Available:
No
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
TMI
Taxes:
$0 / 2024
Assessment:
$- / -
Toronto E01
South Riverdale
Toronto
Major Highway, Public Transit
No
None
No
No
Utilities:
Available
Green Property Information Statement:
No
Sewers:
Sanitary Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
Yes
Days Open:
Open 4 Days
Hours Open:
5-2
Employees:
0
Chattels:
Yes
LLBO:
Yes
Seats:
77
Number of Double Man Shipping Doors:
0
Number of Drive-In Level Shipping Doors:
0
Number of Grade Level Shipping Doors:
0
Number of Truck Level Shipping Doors:
0
Date Listed:
Sep 11, 2025
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated September 12, 2025 at 03:15 AM (UTC)
DARYL  KING
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Explore Commercial Space for Sale in Toronto

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Strategic Locations – Proximity to TTC, highways, and business hubs
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Canada’s Economic Capital – High demand, strong ROI, and business growth
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Flexible Usage – Buy for your own business or lease it for consistent revenue
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FAQs – Commercial Space for Sale Toronto

1. What types of commercial properties are available in Toronto?
Office spaces, retail storefronts, warehouses, industrial units, and mixed-use buildings.

2. Is now a good time to buy commercial space in Toronto?
Yes. With ongoing development and population growth, demand remains high in key business districts.

3. Can I lease out the space if I’m not using it?
Absolutely. Many buyers purchase commercial property solely as an income-generating investment.

4. What areas are best for commercial real estate in Toronto?
Downtown Core, Liberty Village, North York, Scarborough, and Etobicoke are all strong markets.