294 Gerrard St E
FOR SALE
$3,300,000
Terminated
$0
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9 + 4
BEDROOMS8
BATHROOMS6
KITCHENS17
ROOMSC8391532
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-31 | 2024-11-22 | 175 | $3,300,000 | - | Terminated |
| 2024-04-17 | 2024-05-31 | 44 | $3,500,000 | - | Terminated |
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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 beautifully renovated 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: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering 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. Don't miss this as-is, passive income opportunity!
Extras
6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Nearby Intersections
Dundas & Parliament (21)
Carlton & Parliament (21)
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Property Details
Street
Community
City
Property Type
Multiplex, Other
Lot Size
19' x 133'
Fronting
East
Taxes
$7,022 (2023)
Basement
Other
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
Other
Garage Type
None
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Similar Listings
This building is on Eglinton ave west where a future subway stop will be located with connections to every part of the city and beyond. It is a 2 storey, 14 unit apartment building comprised of 10 residential units and 4 main floor commercial/retail spaces. Municipal addresses are 2007, 2009, 2011 and 2013 Eglinton Ave West. Lot size is 6250 square feet. The building itself has 10,000 square feet of floor space. There are solar panels on the roof and there is a lower level full height basement. The property is being sold based on land and building value only.
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