294 Gerrard St E

Toronto, M5A2G4
UNAVAILABLE
294 Gerrard St E, Toronto
Apartment
CATEGORY
2,551 Sq Ft
TOTAL AREA
C8391534
MLSID
Contact Us
Property Description
Solid Investment Opportunity! Fully Leased 6-unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 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: This property is situated at a high-traffic corner and offers 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. Dont miss this as-is, passive income opportunity.
Extras
6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Commercial
Total Area
2,551 Sq Ft
Lot Size
19' x 133'
Taxes
$7,022 (2023)
Listing contracted with International Realty Firm, Inc.
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