Toronto · Ward 13 · PRIVATE
40 Gerrard St E
Toronto, Ontario · postal area M5B · Downtown Yonge East
447 units · 33 storeys · built 1969 · managed by MAPLE LEAF PROPERTY MANAGEMENT
LTB orders, Jan–June 2026
5Rent control
Likely rent-controlledFire code
0Investment (5 yrs)
no permits on file since Aug 2021Property standards
14Building facts
Self-reported by the building owner or manager at RentSafeTO registration; City of Toronto open data.
Inspection breakdown
Common areas scored 0–3 by the City inspector at the latest RentSafeTO evaluation (3 = no issues found). Only areas assessed at this building are shown.
Neighbourhood & getting around · Downtown Yonge East
What rents cost here · Toronto Central zone
Zone-wide market averages — not this building's rents| Unit | Vacant units rent for | Sitting tenants pay |
|---|---|---|
| bachelor | $1,790 | $1,599 |
| 1-bedroom | $2,321 | $2,036 |
| 2-bedroom | $3,128 | $2,766 |
| 3-bedroom+ | — | $3,556 |
The gap is what moving costs: a vacant 2-bedroom rents about 13% above what sitting tenants pay. Only 11.8% of units changed tenants in the year to the survey. Vacancy rate: 2.8%. Across the City of Toronto, average rents rose 3% over the year (same-structure sample). CMHC Rental Market Survey, October 2025.
Region-wide asking rents (Toronto area (CMA), Q1 2026, Statistics Canada, Quarterly Rent Statistics): bachelor $1,760 · 1-bed $2,110 · 2-bed $2,660 · 3-bed $3,250. Rentals.ca & Urbanation National Rent Report, July 2026: City of Toronto average $2,577 across all unit types.
Getting around
Distances from this buildingStops within 500 m: 24
Bus routes: 19, 94, 97
Streetcars: 505, 506
Subway within 500 m: Line 1
24-hour night routes: 305, 306, 320
Nearest subway: College Station · 238 m
Nearest intersection: Gerrard & Church · 135 m · 21,497 vehicles in the City's latest count
Who lives in the area
Whole neighbourhood — not this buildingRenters paying 30%+ of income: 49.3%
Renters in subsidized housing: 14.2%
Median household income: $69,500
Average household: 1.6 people
Median age: 32.8
Homes in 5+ storey buildings: 95.5%
Moved in the past year: 30.9%
Residents: 25,119
Area safety
Whole neighbourhood — not this buildingWhat's nearby
Distances from this buildingCommunity centres: John Innes Community Recreation Centre 936 m · Moss Park Arena 963 m
Libraries: City Hall 780 m · St. James Town 967 m
Schools nearby
Distances from this buildingMiddle: Winchester Jr & Sr Public School · 1.0 km
Secondary (high school): Jarvis Collegiate Institute · 718 m
Catholic elementary: St Michael'S Choir School - Elementary · 534 m
Catholic secondary: St Michael'S Choir School - Secondary · 523 m
Score history
| Evaluation | Score |
|---|---|
| Sep 15, 2024 | 69 |
| Jul 6, 2026 | 82 |
Fire code violations
54 violation records since 2018 in Toronto Fire Services' high-rise inspection data; 0 currently open. Most frequent:
- Maintenance of closures (4)
- Fire Alarm Maintenance (3)
- Damaged fire separations (3)
Source: Toronto Fire Services residential inspection results, refreshed daily. A violation record is a finding at inspection time; open items are those without a recorded close date.
Landlord and Tenant Board orders
How to read these orders and codes →
| File | Application | Date | Order |
|---|---|---|---|
| LTB-L-106535-25 | L9 application to collect rent owed | Jun 30, 2026 | |
| LTB-L-032947-26 | L9 application to collect rent owed | Jun 25, 2026 | |
| LTB-L-049524-26 | L4 eviction — breached a settlement or order | Jun 15, 2026 | |
| LTB-L-002312-26 | L1 eviction application for rent arrears | Mar 23, 2026 | |
| LTB-L-071881-25 | L9 application to collect rent owed | Mar 16, 2026 |
Final orders published by Tribunals Ontario (Jan–June 2026 release). An order records the outcome of an application; a high count of L1 (arrears) filings reflects filing activity, not the state of the building. Orders with confidentiality directives are excluded at source.