294 Gerrard

Home Details

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!

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Additional media

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Property taxes

$7,022.00 per year / $585.17 per month

Basement

Other

Year build

-

Type

Multiplex

Bedrooms

9 + 4

Bathrooms

8

Parking spots

0.0 Total

Floor

-

Balcony

-

Pool

None

External material

Other

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced Air

Fire place(s)

N