1659 GERRARD STREET E
Toronto (Woodbine Corridor), Ontario
MLS® E13689614
$1,998,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- E13689614
- Bedrooms
- —
- Bathrooms
- 8
- Year built
- —
1 / 48Listing description
A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets,entrance doors, siding, and gutters.
The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenancefeatures that matter to hands-on investors.
Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full,offering a stable rent roll from day one. Zoned Rd 1.
0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools -a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller.
A straight forward opportunity to add a well-located, income-producing asset to your portfolio.
Property summary
- MLS® number
- E13689614
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 3,426 sq ft
- Land size
- 3426 acres
- Annual property taxes
- $6,794.32
- Parking
- 5 spaces
- Days on market
- 30 days
Features & details
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- None
- Appliances
- Washer, Dryer
What would this home cost you?
Based on the $1,998,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX REALTY SPECIALISTS INC., MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.