294 Gerrard ST E Active Save Request In-Person Tour Request Virtual Tour
Toronto C08,ON M5A 2G4
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID C8391532
Style Other
Bedrooms 9
Annual Tax Amount $7,022
Tax Year 2023
Property Description
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!
Location
Province ON
County Toronto
Rooms
Family Room Yes
Basement Other
Kitchen 6
Interior
Interior Features Other
Cooling None
Fireplace No
Exterior
Garage Other
Pool None
Waterfront No
Roof Type Other
Building
Foundation Other