945 Gerrard Street, Toronto, ON
South Riverdale, Toronto · MLS® E13753746
About this home
In short
- Rare opportunity for investors, end-users or those seeking long-term value-add potential along Gerrard Street East.
- Enjoy a highly convenient location close to mall, restaurants, parks, everyday shopping and local amenities, with easy streetcar access and rear laneway access.
- Property is currently vacant and being sold in "as-is, where-is" condition.
Rare opportunity for investors, end-users or those seeking long-term value-add potential along Gerrard Street East. Mixed-use property situated in a vibrant commercial-residential corridor. Zoned CR - Commercial Residential. The property features four separate entrances, offering excellent flexibility for access, layout and future use. Enjoy a highly convenient location close to mall, restaurants, parks, everyday shopping and local amenities, with easy streetcar access and rear laneway access. Property is currently vacant and being sold in "as-is, where-is" condition. Buyer to conduct their own due diligence and verify zoning, licensing, permitted uses, building/fire code compliance, measurements and future intended use.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- E13753746
- Bedrooms
- 8
- Bathrooms
- 5
- Size
- 1500-2000 sq ft
- Lot
- 18.42 × 110 ft
- Cross streets
- Gerrard/Pape
- Parking
- 2 parking
- Basement
- Finished, Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Flat
- Property tax
- $6,621 / 2025
- Days on market
- 42
- Listing brokerage
- FIRST CLASS STARLINK REALTY
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readOn schools, this address is zoned for Pape Avenue Junior Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Neighbourhood & location
South Riverdale, Toronto, ON
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Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,184,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,547
- Property tax
- $552
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,098
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,075
- Toronto municipal land transfer tax
- $26,075
- Estimated closing costs
- $52,150
Plus your down payment of $296,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $392,792
- Principal paid down
- $144,663
- Interest paid
- $248,129
- Balance remaining
- $1,039,337
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FIRST CLASS STARLINK REALTY. MLS®/PropTx.