256 Gerrard

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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!

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Additional media

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Property taxes

$7,536.00 per year / $628.00 per month

Basement

Other

Year build

-

Type

Multiplex

Bedrooms

9 + 2

Bathrooms

5

Parking spots

2.0 Total

Floor

-

Balcony

-

Pool

None

External material

Other

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced Air

Fire place(s)

N