For sale

256 Gerrard St E

Cabbagetown - St James Town, Toronto, Ontario

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Bedrooms

9

Bathrooms

5

Parking

2

Price

$2,188,000

MLS© ID

C8391514

Approx. Age

N/A

Listed Since

September 27th, 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)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special!

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

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: INTERNATIONAL REALTY FIRM, INC. BROKERAGE

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