1415 GERRARD Street E · 6-unit multifamily

1415 GERRARD Street E is a 6-unit 6-unit multifamily in Toronto, ON, asking $3,799,990 — $633,332 per door.

That lands inside the Toronto band of $425k - $750k per door, so the ask is not the thing that decides this deal — the rent roll is. Toronto cap rates screen 3.3% - 4.8% and average rent runs about $2,850 a door.

At 6 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

Toronto has unmatched rental depth but income yields are thin and diligence must focus on carry, policy, and execution. Investor demand reads very high, vacancy structurally tight.