For sale

256 Gerrard St E

Cabbagetown - St James Town, Toronto, Ontario

Schedule Visit View Other Freeholds

Bedrooms

9

Bathrooms

5

Parking

2

Price

$2,188,000

MLS© ID

C8391514

Approx. Age

N/A

Listed Since

May 31st, 2024

Exterior

Other,

Air Conditioning

None

Heating

Forced Air

Pool

None

Type

Multiplex

Aprox. sq. footage

N/A

Taxes

$7,536

Style

Other

Garage

None

Basement

Other

Fireplace

Yes

Lot Size

17.49 x 132.00 Feet

DESCRIPTION

Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify)! Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity!

Extras: 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: CITIBLOC REALTY

Interested in a viewing or more information?