For sale

294 Gerrard St E

Cabbagetown - St James Town, Toronto, Ontario

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Bedrooms

9

Bathrooms

8

Parking

0

Price

$3,300,000

MLS© ID

C8391532

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

$7,022

Style

Other

Garage

N/A

Basement

Other

Fireplace

Yes

Lot Size

19.28 x 132.56 Feet

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!

Extras: 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: INTERNATIONAL REALTY FIRM, INC. BROKERAGE

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