294 Gerrard Street No longer available

Toronto, Cabbagetown-South St. James Town, M5A 2G4

$3,500,000

Description

Listed by CITIBLOC REALTY.

Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special)!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!

4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)

Location

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  • Address: 294 Gerrard Street
  • Neighborhood: Cabbagetown-South St. James Town
  • City: Toronto
  • State: Ontario
  • Postal Code: M5A 2G4

Property Details

  • Property ID: C8242326
  • Property Price: $3,500,000
  • Style: Multiplex, Other
  • Rooms: 6
  • Bedrooms: 9+4
  • Bath: 8
  • Parking Spaces: 4
  • Basement: Other
  • Den: Y
  • Exterior: Other
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $7,022.00 (2023)
  • Lot: 132.56x19.28 (Feet)

Property History

This property has been sold 2 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) 576 - 2100

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