261 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G1
$2,488,000
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. (id:50787)
Property Details
| MLS® Number | C8422740 |
| Property Type | Retail |
| Community Name | Cabbagetown-South St. James Town |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 3387 Sqft |
| Size Interior | 3387 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 128 Ft ,10 In |
| Size Frontage | 19 Ft ,8 In |
| Size Irregular | Bldg=19.69 X 128.9 Ft |
| Size Total Text | Bldg=19.69 X 128.9 Ft |
| Zoning Description | Multi-use (2 Commercial / 2 Residential) |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2024 12:03:06
Toronto Real Estate Board
Royal LePage Estate Realty