294 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G4
$3,300,000
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:50787)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | C8391534 |
| Property Type | Multi-family |
| Community Name | Cabbagetown-South St. James Town |
Building
| Bedrooms Total | 13 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2551 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft ,6 In |
| Size Frontage | 19 Ft ,3 In |
| Size Irregular | 19.28 X 132.56 Ft |
| Size Total Text | 19.28 X 132.56 Ft |
| Zoning Description | Commercial |
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September 05 2024 05:50:18
Toronto Real Estate Board
Citibloc Realty, Exp Realty