256 Gerrard Street E, Toronto Cabbagetown South St James Town
- Bedrooms: 11
- Bathrooms: 5
- Living area: 2776 square feet
- Added: 111 days ago
- Updated: 13 days ago
- Last Checked: 7 days ago
Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% 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. Potential to add 3 extra units (Buyer to verify). 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!
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Property Details
- Heating: Forced air, Natural gas
- Structure Type: Multi-Family
Interior Features
- Living Area: 2776
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 2
- Lot Size Dimensions: 17.49 x 132 FT
Location & Community
- Directions: Sherbourne St & Gerrard St E
- Street Dir Suffix: East
Business & Leasing Information
- Business Type: Residential
Tax & Legal Information
- Tax Annual Amount: 7536
- Zoning Description: Commercial
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