294 Gerrard Street E, Toronto Cabbagetown South St James Town
- Bedrooms: 13
- Bathrooms: 8
- Living area: 2551 square feet
- Added: 111 days ago
- Updated: 13 days ago
- Last Checked: 20 hours ago
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) and 5.49% Cap !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!
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Property Details
- Heating: Forced air, Natural gas
- Structure Type: Multi-Family
Interior Features
- Living Area: 2551
- Bedrooms Total: 13
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: 19.28 x 132.56 FT
Location & Community
- Directions: Parliment St ; Gerrard St E
- Street Dir Suffix: East
Business & Leasing Information
- Business Type: Residential
Tax & Legal Information
- Tax Annual Amount: 7022
- Zoning Description: Commercial
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