294 Gerrard
Cabbagetown-South St. James Town | Toronto (Cabbagetown-South St. James Town)
$3,300,000.00
Listed 4 months ago
- 13 bed
- 8 bath
- - sqft
- - parking
- Multi-family
Property history
- Now
- Listed on May 31, 2024
Listed for $3,300,000.00
129 days on market
Location & area
Schools nearby
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! **** EXTRAS **** 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) (id:39198)
- Additional media
- -
- Property taxes
- $7,022.00 per year / $585.17 per month
- Basement
- -
- Year build
- -
- Type
- Multi-family
- Bedrooms
- 13
- Bathrooms
- 8
- Parking spots
- Total
- Floor
- -
- Balcony
- -
- Pool
- -
- External material
- -
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- Forced air, Natural gas
- Fire place(s)
- -
Listing Brokerage
- MLS® Listing
- C8391532
- Brokerage
- INTERNATIONAL REALTY FIRM, INC.
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