$2,188,000
FOR SALE

Multiplex

Bedrooms: 9+2Bathrooms: 5Lot: 17.42 x 132 ft

256 Gerrard Street E
Toronto (Cabbagetown-South St. James Town), ON M5A 2G2

Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify)! Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity! **** EXTRAS **** 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (id:47421)
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Listed By INTERNATIONAL REALTY FIRM, INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8391514
Last Updated Sep 24, 2024
Property Summary
Property Type Multiplex

More like this:
Community Cabbagetown-South St. James Town
Price History

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Detailed Information
Bedrooms 9+2
Bathrooms 5
Lot 17.42 x 132 ft
Listing Contract Date 2024-05-29
Location Description Sherbourne St & Gerrard St E
# of Parking Spaces 2
Property Type Multi-family
Transaction Type For sale
Zoning Description Residential
Building
Foundation Type Concrete
# of Half Bathrooms 1
Heating Fuel Natural gas
Heating Type Forced air
Type Other
Utility Water Municipal water
Land
Total Size 17.49 x 132 FT
Size of Irregular Land 17.49 x 132 FT

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