Active

256 Gerrard St E

Toronto Ontario, M5A 2G2

C$2,188,000


Active

11 Beds

5 Baths

Multi-family

Investor Alert! Prime Downtown Investment (Motivated Seller)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special!

C8391514

MLS ID

October 2, 2024

Updated

Map

256 Gerrard St E
Toronto Ontario, M5A 2G2

Interior Features

Bedrooms

11


Total Bathrooms

5


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.05 Acres


Architectual Style

Other


Sewer

Other

Other Property Details

Area Name

Cabbagetown-South St. James Town


Taxes

$7,536


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

2


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None


Zoning

Residential

 

Courtesy of Listed by , INTERNATIONAL REALTY FIRM, INC. BROKERAGE,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:03 AM UTC, 10/2/2024

 

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