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256 Gerrard St E

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

-
Beds
-
Baths
2,776
Sq. Ft.
$2,188,000
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
114 days on market

Quick Summary

  • Fully leased income property with 4 well-maintained units
  • Potential to add 3 extra units and a laneway house
  • Flexible property with upside potential for investors
  • Prime downtown location with access to amenities and transit
  • Includes 2-car parking and potential rental income
  • Motivated seller with 5.70% cap rate
  • Includes appliances like fridges, stoves, and dishwashers
  • Handyman special opportunity for investors

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!... Show More

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:54626)

Property Details

Size

2,776 sq. ft.
0 Beds
0 Baths

Parking

2 Parking Spaces
-

Lot

Size
209′0″ * 1583′12″
Acres
-

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
C8391530
Last Updated
September 5, 2024
Brokerage
INTERNATIONAL REALTY FIRM, INC.,CITIBLOC REALTY
Powered by: REALTOR.ca
Call us 800-591-0566

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