256 Gerrard Street For Sale

Toronto, Cabbagetown-South St. James Town, M5A 2G2

$2,388,000

Description

Listed by CITIBLOC REALTY.

Investor Alert! Prime Downtown Investment (Motivated Seller, Estate)! 5.2% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income.Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity!

4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

Location

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  • Address: 256 Gerrard Street
  • Neighborhood: Cabbagetown-South St. James Town
  • City: Toronto
  • State: Ontario
  • Postal Code: M5A 2G2

Property Details

  • Property ID: C8242188
  • Property Price: $2,388,000
  • Style: Multiplex, Other
  • Rooms: 11
  • Bedrooms: 9+2
  • Bath: 5
  • Parking Spaces: 2
  • Basement: Other
  • Den: Y
  • Exterior: Other
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $7,536.00 (2023)
  • Lot: 132.00x17.49 (Feet)

Property History

This property has been sold 9 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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