$ 3,300,000
294 Gerrard ST E Toronto C08, ON M5A 2G4
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$ 3,300,000
Est. payment | /mo
9 Beds
8 Baths
$ 3,300,000
Est. payment | /mo
9 Beds
8 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID C8391532
Style Other
Bedrooms 9
Annual Tax Amount $7,022
Tax Year 2023
Property Description
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!
Location
Province ON
County Toronto
Area Cabbagetown-South St. James Town
Rooms
Family Room Yes
Basement Other
Kitchen 6
Separate Den/Office 4
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Other
Pool None
Waterfront No
Roof Type Other
Parking Type None
Building
Foundation Other
Listed by INTERNATIONAL REALTY FIRM, INC.
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