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Property Description
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2009-06-19 | 2009-10-25 | 128 | $495,000 | $400,000 |
Nearby Intersections
Property Features
Public Transit, Park, School, Place Of Worship, Other
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Property Details
Address
294 Gerrard Street
Community
City
Postal Code
M5A 2G4
Property Type
Multiplex, Multiplex
Lot Size
19' x 132'
Acreage
2,551.0 Feet
Taxes
$7,948 (2025
Basement
Apartment
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
Multi-unit investment opportunity on a large 55 x 100 ft lot in the desirable residential neighbourhood of Oakwood Village, Steps to St Clair Ave W & Oakwood Ave. This detached two-storey building located on a quiet street contains five self-contained units-three above grade and two in the basement-offering strong income potential and future upside. The property also features five surface parking spaces. A solid, well-configured asset ideal for investors looking to expand their portfolio or explore long-term redevelopment and value-add possibilities.
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Multiplex on Massive Beach Ravine Lot! Endless Potential and Prime Location! Welcome to 176/178 Balsam Avenue, a once-in-a-generation opportunity in the heart of The Beach! Sitting on an expansive 60 x 194-foot ravine lot, this fully rented multiplex (4 x 2-bedroom units, 2 x bachelor units) offers immediate income plus potential future upside. With Toronto's new "as-of-right" zoning you may have the opportunity to add up to 4 more units (sever the properties and create 2x 4+1 units per lot) without lengthy approvals to maximize ROI! Backed by the lush Glen Stewart Ravine, surrounded by multi-million dollar homes, and in prime Beach, this west-facing property offers the best of Beach living, steps to Queen Street retail, the Boardwalk, top schools (Balmy Beach PS, Glen Ames Sr PS, Malvern CI) and easy transit access. Rarely does a property of this size and location come to market!
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RARELY AVAILABLE LEGAL 5-PLEX IN CENTRAL ETOBICOKE LOCATION IN SOUGHT AFTER NEIGBOURHOOD. 5-2 BEDROOM APARTMENTS, 1 BACHELOR APARTMENT. INCLUDES 7 DESIGNATED OUTDOOR SURFACE PARKING SPOTS, 4 BALCONIES, DESIGNATED LOCKER LOCATED IN LAUNDRY ROOM. RECENT UPDATES: ROOF (2020), BALCONY RAILINGS (2017), WINDOWS (2005). BUILDING IS CLOSE TO AMENITIES: PUBLIC TRANSIT, HWY 427, HWY 401 & QEW. GUARANTEED RENT FOR 3 YEARS.
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Rarely does a downtown investment of this calibre come to market. Introducing 276-278 Crawford St - two side-by-side freehold multiplexes on an extraordinary combined 50-foot frontage on one of Toronto's most storied streets, in the heart of Trinity Bellwoods. Being sold together, these income-producing assets comprise 11 separate residential units, 2 laneway-fronting garages, and 5 parking spaces - a compelling blend of scale, stability, and long-term upside in a location where demand rarely lets up. This is the kind of asset sophisticated investors wait for: best-in-class residential income in one of the city's most coveted neighbourhoods, steps from Trinity Bellwoods Park, Ossington's celebrated retail corridor, and the restaurants and energy of Little Italy. A proven address, top-tier tenancy appeal, and irreplaceable urban positioning make this a rare opportunity to secure a meaningful foothold in prime downtown Toronto. In a market where true trophy multiplexes are few and far between, Crawford doesn't just check boxes - it sets the bar.
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