1111 Gerrard St E

Detached Duplex + Basement Apartment featuring 3 Self-Contained 2-Bedroom Units with Separate Hydro & Gas meters - Heat & Hydro Paid by Tenants! Prime Corso Italia, just steps from the vibrant Dufferin & St. Clair Intersection. Ideal for end-users, multi-generational families, co-ownership enthusiasts, and savvy investors alike. Deceptively spacious Identical Upper Units: 2-Bedroom, Living, Dining and Kitchen with front & rear entrances. Basement: 2-Bedroom, Open Concept Living, Dining and modern Kitchen. Preferred West side of Dufferin St. with afternoon sunlight. Lots of closets & built-ins, solid concrete Double Car Garage at rear, providing tons of storage and potential for a future Garden Suite. Walk or bike to Earlscourt Park and J.J.Piccininni Community Centre with indoor pool and outdoor ice rink. Walking distance to St. Clair shops and restaurants - Tre Mari Bakery, Marcello's, Pizza e Pazzi, LCBO, No Frills. TTC at door, quick streetcar to St. Clair W station or short bus ride to Dufferin station.

This unique and high-performing duplex, generating $9,600 per month in rental income, offers both current cash flow and future development potential. The property features a 3-bedroom lane-way house (separately metered) and a 4-bedroom main house with an additional 2 bedrooms in the basement, providing ample space for tenants. Exciting development potential awaits! The city has expressed support for converting the property into 4 legal units fronting on Lippincott St. and 1 legal unit on Croft St., offering a rare opportunity to maximize the property's value. Located in a prime downtown Toronto location, this property is a short walk to the University of Toronto, Toronto General Hospital, shopping, community centers, and more. This is an exceptional opportunity for investors looking to expand their portfolio in one of Toronto's most sought-after neighborhoods.