294 Gerrard Street E, Toronto Cabbagetown South St James Town
- Bedrooms: 13
- Bathrooms: 8
- Living area: 2551 square feet
Source: Public Records
Note: This property is not currently for sale or for rent on Ovlix.
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Property Details
- Heating: Forced air, Natural gas
- Structure Type: Other
Interior Features
- 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
Tax & Legal Information
- Tax Annual Amount: 7022
- Zoning Description: Residential
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!