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! EXTRAS 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (id:55598)
- MLS® C8391530
- Date Listed05/29/2024
- Days on Realty 173 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Subdivision Cabbagetown-South St. James Town
- Property Type Multi Family
- Water Public
- Square Feet 2,776 sq. ft
- Price Per Sq. Ft $788.18
Interior Features
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
98/100
Walker's Paradise
Walk Score ®
95/100
Rider's Paradise
Transit Score ®
100/100
Biker's Paradise
Bike Score ®
Overview
Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.Transit Summary
18 nearby routes: 11 bus, 7 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 79/100, Transit Score: 79/100, Bike Score: 79/100.
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Frequently Asked Questions for 256 GERRARD STREET E
Source: Realty.com
256 GERRARD STREET E, Toronto (Cabbagetown South St. James Town), ON M5A2G2 is a Multi Family, Residential Income property listed for $2,188,000 The property is 2776 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 15 photos of 256 GERRARD STREET E.
The full address for this home is 256 GERRARD STREET E, Toronto (Cabbagetown South St. James Town), ON M5A2G2.
256 GERRARD STREET E has been listed on Realty.com since Wed May 29, 2024
Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.
The average walkability score in the surrounding area is Walk Score: 79/100, Transit Score: 79/100, Bike Score: 79/100.
Listing provided courtesy of:
INTERNATIONAL REALTY FIRM, INC.
(tel: (647) 313-3400)
Listing agent:
RICHARD FOLTYS
(tel: (416) 450-0450)
This content last refreshed on 2024-11-18 12:24:53. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.