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256 Gerrard St E

Gerrard St E, Downtown Toronto, Toronto, ON, M5A 2G2

11
Beds
5
Baths
$2,388,000
List Price
Details
Photos
15
Comparables
History
256 Gerrard St E, Toronto, ON - 1 of 3
256 Gerrard St E, Toronto, ON - 2 of 3
256 Gerrard St E, Toronto, ON - 3 of 3
New
18 days on market

Quick Summary

  • Fully leased with 4 well-maintained units
  • Steps to amenities and transit
  • Lane access for 2 car parking + potential income
  • Growth potential with additional units
  • Appliances included: 4 fridges, 4 stoves, 3 dishwashers
  • Hot water tanks on rental
  • Prime downtown investment with 5.2% cap rate
  • Potential for laneway house

Prime Downtown Investment! 5.2% Cap & Fully Leased. 4 well-maintained units. Steps to amenities & transit. Lane access for 2 car parking + potential income. Growth potential: Main= $ 3,800 ; 2nd= $ 4,400 ; Top= $ 1,800. 5th unit & laneway house potential ( Buyer to verify). Don't miss out on this upside property 4 Fridges, 4 Stoves, 3... Show More

Prime Downtown Investment! 5.2% Cap & Fully Leased. 4 well-maintained units. Steps to amenities & transit. Lane access for 2 car parking + potential income. Growth potential: Main= $ 3,800 ; 2nd= $ 4,400 ; Top= $ 1,800. 5th unit & laneway house potential ( Buyer to verify). Don't miss out on this upside property 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

Property Details

Size

Sq. Ft. Not Available
11 Beds
9 Above Grade - 2 Below Grade
5 Baths

Parking

2 Parking Spaces
None

Build

Year Built
-
Model Name
-
Basement
Other
Exterior
Other
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced Air
Cooling
None

Utilities

Water
-
Sewer
Other
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$7,536

Source

Listing Brokerage

MLS® Listing
C8242188
Last Updated
April 23, 2024
Brokerage
CITIBLOC REALTY
Call us 800-591-0566

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