Skip to content
Renanza Realty
For sale

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

Listing 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.

Estimated monthly payment$9,296 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.