For sale

294 Gerrard St E

Cabbagetown - St James Town, Toronto, Ontario

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Bedrooms

9

Bathrooms

8

Parking

4

Price

$3,300,000

MLS© ID

C8391532

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

$7,022

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) and 5.49% Cap !This meticulously renovated corner property boasts 6 income-generating units (Rental Income). It features 2 beautiful 2-bedroom apartments, and all units have new decks, kitchens, furnaces, and plumbing with upgraded 200-amp service. Updates include a young 8-year-old roof and a 9-year-old boiler system (minimal maintenance!).Excellent Location & Development Potential:Situated next to a well-established restaurant, this high-traffic corner offers excellent visibility and a consistent rental history. With potential for future development (flexible zoning, motivated seller - neighbor interest expressed!), this is a solid investment with long-term value upside.Don't miss out on this turnkey (as-is) opportunity!

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

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: CITIBLOC REALTY

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