$3,300,000
Available - For Sale
Listing ID: C8391532
294 Gerrard St East , Toronto, M5A 2G4, Ontario
| 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! |
| Extras: 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) |
| Price | $3,300,000 |
| Taxes: | $7022.00 |
| Address: | 294 Gerrard St East , Toronto, M5A 2G4, Ontario |
| Lot Size: | 19.28 x 132.56 (Feet) |
| Directions/Cross Streets: | Parliment St ; Gerrard St E |
| Rooms: | 17 |
| Bedrooms: | 9 |
| Bedrooms +: | 4 |
| Kitchens: | 6 |
| Family Room: | Y |
| Basement: | Other |
| Property Type: | Multiplex |
| Style: | Other |
| Exterior: | Other |
| Garage Type: | None |
| (Parking/)Drive: | Other |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Sewers: | Other |
| Water: | Municipal |
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| INTERNATIONAL REALTY FIRM, INC. BROKERAGE |
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416-828-2535
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Style: | Other |
| Lot Size: | 19.28 x 132.56(Feet) |
| Tax: | $7,022 |
| Beds: | 9+4 |
| Baths: | 8 |
| Fireplace: | N |
| Pool: | None |
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