256 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G2
$2,188,000
Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify)! Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity! **** EXTRAS **** 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (id:50787)
Property Details
| MLS® Number | C8391514 |
| Property Type | Multi-family |
| Community Name | Cabbagetown-South St. James Town |
| Parking Space Total | 2 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 11 |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft |
| Size Frontage | 17 Ft ,5 In |
| Size Irregular | 17.49 X 132 Ft |
| Size Total Text | 17.49 X 132 Ft |
| Zoning Description | Residential |
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September 05 2024 05:50:17
Toronto Real Estate Board
Citibloc Realty, Exp Realty