$3,499,000
22.33 BTC
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Map
185 Gerrard Street, Toronto
$3,499,000
PRICE
0
BEDROOMS
0
BATHROOMS
C12310850
MLSID

185 Gerrard Street, Toronto

This is a rare, shovel-ready vacant lot located at 185 Gerrard Street East in the heart of downtown Toronto, fully zoned (RM) and approved for a 4-storey residential development featuring 28 self-contained microunits. All architectural drawings, site plans, and permits are in place, allowing for immediate construction. Ideally positioned just steps from Toronto Metropolitan University (TMU), George Brown College, major hospitals like St. Michaels and SickKids, and within walking distance to the Financial District, this property is perfectly suited for student housing, hospital staff residences, or young professionals seeking affordable, efficient urban living. Each unit is thoughtfully designed with modern layouts to meet the high demand for compact residential spaces. With exceptional walk, transit, and bike scores, and close proximity to public transit, parks, and daily amenities, this development offers significant rental upside and long-term value. Whether you're a developer looking to build and hold, an investor seeking strong rental returns, or a joint venture partner looking to collaborate on a turn-key downtown project, this site presents an outstanding opportunity in one of Torontos most supply-constrained and growth-oriented neighborhoods.
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Summary

Address
185 Gerrard Street
Community
MLSID
C12310850
Property Type
Vacant Land
Property Category
Taxes (Annual)
$2,768.00
Tax Year
2025
Published
July 28, 2025
Days on Market
5 Days
Possession Type
Flexible
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Details

Lot Size
0
Lot Width
14 Feet
Lot Depth
150 Feet
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with HIGH POINT REALTY LIMITED
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