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$ 899,000
Est. payment /mo
Price Dropped by $126K
2333 Gerrard ST E Toronto E02, ON M4E 2E5
6 Beds
1 Bath
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto E02
Subdivision East End-Danforth
MLS Listing ID E12479871
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,026
Tax Year 2025
Property Sub-Type Detached
Property Description
URGENT - MUST CLOSE ON OR BEFORE DECEMBER 31, 2025 - NO EXCEPTIONS. This is an extraordinary, time-sensitive opportunity you do not want to miss. The seller has just delivered a significant price reduction, making this one of the best-value development sites currently available in the city. Unlock the opportunity to build a legal 4-plex with full Committee of Adjustment approval already secured, including five granted variances-saving you years of headaches, tens of thousands in carrying costs and application fees, and all the uncertainty of the approval process. This rare, extra-deep 150-ft lot fronts onto Hannaford Street and includes a coveted 8-car rear parking pad accessed from the street. A true game-changer for any multi-unit project. Development options abound: construct the approved 4-plex, add a laneway suite for even more units/density, redevelop into your dream custom single-family home, or simply hold as a cash-flowing rental property. Enjoy additional privacy and green space thanks to city-owned land directly buffering the lot.Current AAA tenant in place under a 1-year lease running September 1, 2025 - August 31, 2026. Buyers must assume the existing tenancy or make private arrangements with the tenant post-closing. With full approvals in hand, an unbeatable new price, and a hard deadline of December 31, 2025 for closing, this is a once-in-a-market-cycle deal. Act fast-opportunities like this disappear quickly.
Location
Province ON
County Toronto
Community Toronto E02
Area Toronto
Rooms
Family Room No
Basement Unfinished
Kitchen 1
Interior
Interior Features Water Heater, Storage Area Lockers
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 18.66
Lot Depth 150.54
Total Parking Spaces 8
Building
Building Age New
Foundation Block
Others
ParcelsYN No
Listed by ROYAL LEPAGE/J & D DIVISION
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