256 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G2
$2,188,000
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! **** EXTRAS **** 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (id:35492)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | C8391530 |
| Property Type | Multi-family |
| Community Name | Cabbagetown-South St. James Town |
| Parking Space Total | 2 |
Building
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2776 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft |
| Size Frontage | 17 Ft ,5 In |
| Size Irregular | 17.49 X 132 Ft |
| Size Total Text | 17.49 X 132 Ft |
| Zoning Description | Commercial |
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 03:00:35
