294 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G4
$3,300,000
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) (id:35492)
Property Details
| MLS® Number | C8391532 |
| Property Type | Multi-family |
| Community Name | Cabbagetown-South St. James Town |
Building
| Bathroom Total | 8 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 13 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft ,6 In |
| Size Frontage | 19 Ft ,3 In |
| Size Irregular | 19.28 X 132.56 Ft |
| Size Total Text | 19.28 X 132.56 Ft |
| Zoning Description | Residential |
Interested?
Contact us for more information
Richard Foltys
Salesperson
www.emmanuel-homes.com/
https://www.facebook.com/416Rich
https://www.linkedin.com/in/416rich/
15 Gervais Dr 7th Flr
Toronto, Ontario M3C 3S2
(647) 313-3400
(289) 475-5524
www.internationalrealtyfirm.com/
Felicia Pizzonia
Salesperson
feliciapizzonia.com/
15 Gervais Dr 7th Flr
Toronto, Ontario M3C 3S2
(647) 313-3400
(289) 475-5524
www.internationalrealtyfirm.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto Real Estate Board
International Realty Firm, Inc.
September 27 2024 03:00:36
