$2,488,000 FOR SALE

Commercial/Retail

Lot: 19.69 x 128.9 ftTotal Area: 3,387 ft2
2023 Taxes: $4,855

261 Gerrard St E
Toronto, ON M5A 2G1 | Cabbagetown-South St. James Town

Excellent investment a short distance to Downtown, highways, and walkable neighbourhood. Beautiful historic yellow-brick Cabbagetown Victorian building, fully renovated and updated. Bright offices and apartments. Busy, thriving commercial neighbours. Well-maintained open-concept commercial space on the main floor. Two huge 1-bedroom apartments on top two floors. Can be converted as desired. 2-3 Car parking and rear lane access. *Vacant possession on request*. *5.6% Stabilized Cap Rate.*

Extras
Rentable, full-height, finished basement with separate entrance, washroom, and open-concept meeting area. This adds 1457 square feet to the rentable area. Current basement commercial tenant willing to stay.

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Listed By ROYAL LEPAGE ESTATE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8422740
Last Updated Jun 10, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
PIN 210890334
Legal Description PART OF LOT 40, IN BLOCK A, PLAN D138, DESIGNATED AS PART 2 ON PLAN 66R27042 CITY OF TORONTO
Occupancy Own+Ten
Possession Date Negotiable
Taxes (2023) $4,855
Tax Type Annual
Directions/Cross Streets Gerrard At Berkeley
Neighbourhood Cabbagetown-South St. James Town
Area Toronto
Price History
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Detailed Information
Freestanding N
Lot 19.69 x 128.9 ft
Office/Apt Area 40 percent
Total Area 3,387 ft2
Approximate Age 100+
Elevator None
Air Conditioning Part
Basement Y
Garage Type Outside/Surface
Heat Type Gas Forced Air Closd
Area Influences Major Highway, Public Transit
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning Multi-Use (2 Commercial / 2 residential)
Seller Property Info Statement N

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