$1,998,000
Available - For Sale
Listing ID: E13689614
1659 Gerrard Street East , Toronto, M4L 2A9, Toronto
| 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. |
| Price | $1,998,000 |
| Taxes: | $6794.32 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 1659 Gerrard Street East , Toronto, M4L 2A9, Toronto |
| Postal Code: | M4L 2A9 |
| Province/State: | Toronto |
| Legal Description: | PT LT 3 PL 460E TORONTO AS IN CA721351, |
| Directions/Cross Streets: | Gerrard St E and Coxwell |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3426.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 8 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| RE/MAX REALTY SPECIALISTS INC. |
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Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto E02 |
| Neighbourhood: | Woodbine Corridor |
| Tax: | $6,794.32 |
| Baths: | 8 |
| Fireplace: | N |
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