256 Gerrard ST E Active Save Request In-Person Tour Request Virtual Tour
Toronto C08,ON M5A 2G2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,776 sqft
Price per Sqft $788
MLS Listing ID C8391530
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
Interior
Cooling No
Exterior
Garage Spaces 2.0
Utilities Available Available