ON > Toronto C08
Toronto C08, ON M5A 2G2,256 Gerrard ST E
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Toronto C08, ON M5A 2G2,256 Gerrard ST E
Toronto C08, ON M5A 2G2,256 Gerrard ST E
Toronto C08, ON M5A 2G2,256 Gerrard ST E
Toronto C08, ON M5A 2G2,256 Gerrard ST E
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,188,000
Est. payment /mo
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Active

256 Gerrard ST E Toronto C08, ON M5A 2G2

2,776 SqFt

UPDATED:

09/27/2024 01:59 PM

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

Parking Type Outside/Surface

Listed by INTERNATIONAL REALTY FIRM, INC.

Jethro Seymour

Broker

+1(416) 712-0767

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256 Gerrard ST E

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