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:55598)
- MLS® C8391532
- Date Listed05/29/2024
- Days on Realty 173 Days
- Bedrooms 13
- Bathrooms 8 baths
- Lot Size -
- Subdivision Cabbagetown-South St. James Town
- Property Type Other
- Water Public
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 294 GERRARD STREET E
Source: Realty.com
294 GERRARD STREET E, Toronto (Cabbagetown South St. James Town), ON M5A2G4 is a Other, Residential Income property listed for $3,300,000 The property is 0 sq. ft with 13 bedrooms and 8 bathrooms
Realty.com has 39 photos of 294 GERRARD STREET E.
The full address for this home is 294 GERRARD STREET E, Toronto (Cabbagetown South St. James Town), ON M5A2G4.
294 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 18:22:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.