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294 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G4

13 Bedroom 8 Bathroom
Forced Air

$3,300,000

Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) and 5.49% Cap !This meticulously renovated corner property boasts 6 income-generating units (Rental Income). It features 2 beautiful 2-bedroom apartments, and all units have new decks, kitchens, furnaces, and plumbing with upgraded 200-amp service. Updates include a young 8-year-old roof and a 9-year-old boiler system (minimal maintenance!).Excellent Location & Development Potential:Situated next to a well-established restaurant, this high-traffic corner offers excellent visibility and a consistent rental history. With potential for future development (flexible zoning, motivated seller - neighbor interest expressed!), this is a solid investment with long-term value upside.Don't miss out on this turnkey (as-is) opportunity! **** EXTRAS **** 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) (id:31697)

Property Details

MLS® Number C8391532
Property Type Multi-family
Community Name Cabbagetown-South St. James Town
ParkingSpaceTotal 4

Building

BathroomTotal 8
BedroomsAboveGround 9
BedroomsBelowGround 4
BedroomsTotal 13
HeatingFuel Natural Gas
HeatingType Forced Air
Type Other
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 132 Ft ,6 In
SizeFrontage 19 Ft ,3 In
SizeIrregular 19.28 X 132.56 Ft
SizeTotalText 19.28 X 132.56 Ft
ZoningDescription Residential

https://www.realtor.ca/real-estate/26970229/294-gerrard-street-e-toronto-cabbagetown-south-st-james-town-cabbagetown-south-st-james-town

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