$2,188,000
256 Gerrard ST E Toronto C08, ON M5A 2G2
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,188,000
Est. payment /mo
9 Beds
5 Baths
UPDATED:
09/27/2024 02:00 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID C8391514
Style Other
Bedrooms 9
Annual Tax Amount $7,536
Tax Year 2023
Property Description
Investor Alert! Prime Downtown Investment (Motivated Seller)! This commercial-residential zoned property offers a 5.70% Cap Rate and is fully leased with income-producing units. Featuring 4 well-maintained units, this multi-family investment includes impressive rental income (Main = $3,800; 2nd = $4,400; Top = $1,800). Located in a prime downtown core with steps to amenities and transit, this property has lane access for 2-car parking and potential for additional rental income. Development potential to add 3 extra units (buyer to verify) and bonus opportunity for a 5th unit or laneway house (buyer to verify). Turnkey opportunity with capital appreciation potential. Perfect for multi-generational family living under one roof, and an excellent opportunity for investors seeking a high-yield, mixed-use property. Securing this property early ensures long-term passive income and more profit in coming years. Dont miss this as-is handyman special!
Location
Province ON
County Toronto
Area Cabbagetown-South St. James Town
Rooms
Family Room Yes
Basement Other
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Available
Garage Spaces 2.0
Pool None
Waterfront No
Roof Type Other
Parking Type None
Total Parking Spaces 2
Building
Foundation Concrete
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Listed by INTERNATIONAL REALTY FIRM, INC.
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