$3,300,000 FOR SALE

Multiplex

Bedrooms: 9+4Bathrooms: 8Lot: 19.25 x 132.5 ft

294 Gerrard Street E
Toronto (Cabbagetown-South St. James Town), ON M5A 2G4

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) (id:47423)

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Listed By INTERNATIONAL REALTY FIRM, INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8391532
Last Updated Sep 24, 2024
Property Summary
Property Type Multiplex

More like this:
Community Cabbagetown-South St. James Town
Price History
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Detailed Information
Bedrooms 9+4
Bathrooms 8
Lot 19.25 x 132.5 ft
Listing Contract Date 2024-05-29
Location Description Parliment St ; Gerrard St E
# of Parking Spaces 4
Property Type Multi-family
Transaction Type For sale
Zoning Description Residential
Building
Heating Fuel Natural gas
Heating Type Forced air
Type Other
Utility Water Municipal water
Land
Total Size 19.28 x 132.56 FT
Size of Irregular Land 19.28 x 132.56 FT

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