• 411 Canada/
• Real Estate/
• Ontario/
• Toronto/
• Cabbagetown-South St. James Town/

• 261 Gerrard St E, Toronto, ON M5A 2G1

$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

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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: Toronto Commercial/Retail for Sale
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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