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