256 Gerrard Street No longer available

Toronto, Cabbagetown-South St. James Town, M5A 2G2

$2,188,000

Description

Listed by INTERNATIONAL REALTY FIRM, INC. BROKERAGE.

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!

4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

Location

View Map
  • Address: 256 Gerrard Street
  • Neighborhood: Cabbagetown-South St. James Town
  • City: Toronto
  • State: Ontario
  • Postal Code: M5A 2G2

Property Details

  • Property ID: C8391514
  • Property Price: $2,188,000
  • Style: Multiplex, Other
  • Rooms: 11
  • Bedrooms: 9+2
  • Bath: 5
  • Parking Spaces: 2
  • Basement: Other
  • Den: Y
  • Exterior: Other
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $7,536.00 (2023)
  • Lot: 132.00x17.49 (Feet)

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100