$ 3,300,000
294 GERRARD STREET E Toronto (cabbagetown-south St. James Town), ON M5A2G4
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$ 3,300,000
Est. payment | /mo
13 Beds
8 Baths
$ 3,300,000
Est. payment | /mo
13 Beds
8 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Cabbagetown-South St. James Town
MLS® Listing ID C8391532
Bedrooms 13
Originating Board Toronto Regional Real Estate Board
Property Description
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! **** EXTRAS **** 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) (id:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Listed by INTERNATIONAL REALTY FIRM, INC.