294 E Gerrard St, Toronto, Ontario M5A 2G4

  • $3,300,000
294 E Gerrard St, Toronto, Ontario M5A 2G4
Active
294 E Gerrard St, Toronto, Ontario M5A 2G4
  • $3,300,000

Overview

Property ID: C8391532
  • Residential, Multi Family
  • Property Type
  • 9
  • Bedrooms
  • 8
  • Bathrooms

Description

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!

  • Address 294 E Gerrard St
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M5A 2G4
  • Area Cabbagetown-South St. James Town

Details

Updated on June 2, 2024 at 4:07 pm
  • Property ID: C8391532
  • Price: $3,300,000
  • Bedrooms: 9
  • Rooms: 6
  • Bathrooms: 8
  • Garage Size: x x
  • Property Type: Residential, Multi Family
  • Property Status: Active
  • MLS#: C8391532

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