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Updated 9 Hours Ago

Highlights

  • Pet Friendly

Location

40 Gerrard St E, Toronto, ON M5B 2E8, CAN|Garden District
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Contact

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Management

Gerrard Residences

Our team has verified this company

Leasing office

(647) 697-8367

Floor plans

Bachelor (1)Studio1 bath454 sqft$1,829 /mo1 unit available
Bachelor (2)Studio1 bath454 sqft$1,929 /mo1 unit available
One-Bedroom (1)1 bed1 bath607 sqft$1,999 /mo1 unit available
One-Bedroom (4)1 bed1 bath650 sqft$2,249 /mo1 unit available
Two-Bedroom (1)2 bed2 bath1,291 sqft$3,399 /mo1 unit available

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Amenities for Gerrard Residences

Apartment Amenities

Air ConditioningHardwood Floor
HeatHeating
Hot WaterIn-suite Storage
ViewWindow Coverings

Appliances

FridgeStove

Building

Cats OKDogs OK
ElevatorOnsite Laundry
Wheelchair Accessible

Grounds

StorageSwimming Pool

Services

On-Site ManagementSecurity Onsite

Neighborhood

Convenience StorePublic Transit
Restaurants Nearby
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Deposit

One-time.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Covered Lot

Covered Lot

Parking Fee

Monthly. 2 covered lots max.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12 months

About Gerrard Residences

Managed by Gerrard Residences
HomeApartments in TorontoGarden District Gerrard Residences

Special Offers Available- Inquire Today! The building is between Yonge (2 min to Yonge, 5 min to Eaton Center) and Church, 1 min to Toronto Metropolitan University (formerly Ryerson University). It's the ideal place for you to explore restaurants and shops in downtown Toronto. There is an indoor swimming pool and a Garden in the Building with underground parking. [Visit our website!](https mapleleafapartments ca )


Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
10
/10
Excellent
With an impressive overall rating of 10 out of 10, Gerrard Residences is one of the top properties in Garden District. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
How we rated Gerrard Residences
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Gerrard Residences offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Gerrard Residences stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Gerrard Residences offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Gerrard Residences has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Gerrard Residences.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Gerrard Residences sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making Gerrard Residences a trustworthy choice for potential residents.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Gerrard Residences compares to other nearby properties.

Considerations

Distance from grocery stores
The nearest grocery store is 4.8 miles away
Distance from transit
More than 4.9 miles from public transportation

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Rent trends in Garden District

Studio apartments at Gerrard Residences cost about 4% more than the average rent price for studios in Garden District.

1-bedroom apartments here are priced 26% lower than 1-bedrooms in Garden District.

If you decide to upgrade your space, you can expect 2-bedrooms at Gerrard Residences to be 8% less than the average for similarly sized apartments in Garden District.

Median rents as of Oct 24 2026.
Garden District
Toronto
A table of studio rental data trends in Toronto
MonthMedian Rent
November 2024$1,899
December 2024$1,899
January 2025$1,887
February 2025$1,853
March 2025$1,862
April 2025$1,856
May 2025$1,842
June 2025$1,806
July 2025$1,800
August 2025$1,800
September 2025$1,799
October 2025$1,798
November 2025$1,768
December 2025$1,750
January 2026$1,741
February 2026$1,709
March 2026$1,700
April 2026$1,700
May 2026$1,706
June 2026$1,722
July 2026$1,732
August 2026$1,732
September 2026$1,748
October 2026$1,749
A table of studio rental data trends in Garden District
MonthMedian Rent
November 2024$2,000
December 2024$2,000
January 2025$2,000
February 2025$1,925
March 2025$1,930
April 2025$1,841
May 2025$1,850
June 2025$1,845
July 2025$1,859
August 2025$1,866
September 2025$1,869
October 2025$1,829
November 2025$1,869
December 2025$1,870
January 2026$1,870
February 2026$1,839
March 2026$1,869
April 2026$1,846
May 2026$1,862
June 2026$1,869
July 2026$1,831
August 2026$1,859
September 2026$1,834
October 2026$1,804

Affordability calculator

Can I afford to live at 40 Gerrard St E?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$75,160/yr

With your selected rent-to-income ratio, you'd ideally want to make $75,160 annually to afford this studio median monthly rent price of $1,879.
For more information on rent affordability, visit our rent calculator.

Neighborhood

Garden District | Toronto, ON

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Toronto near 40 Gerrard St E

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

4/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 40 Gerrard St E, Toronto

Groceries

10/10
Several grocery stores nearby

Shopping

10/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Variety of cafés right on the street

Restaurants

9/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

10/10
Very large amount of park space within a few minutes' walk

Nightlife

10/10
Variety of bars right on the street

Explore the area around 40 Gerrard St E

Sweet & Natural
415 Yonge St
Metro
89 Gould St
Sunny Gift Shop
30 Carlton St
Loblaws
60 Carlton St
Rabba Fine Foods
256 Jarvis St

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