14
  • C8391530
  • MLS® Number
  • Property Type
  • Investment, Commercial
  • Acres
  • Land Area
  • 2776 Sqft
  • Area Size

256 Gerrard E Street, Toronto C08, ON M5A 2G2

  • $2,188,000

Description

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!

Details

MLS® Number C8391530
Property Size 2776 Sqft
Updated on September 27, 2024 at 1:59 pm

Additional details

  • Utilities: Available
  • Sewer: Sanitary+Storm
  • Cooling: No
  • County: Toronto
  • Property Type: Commercial Sale

Address

  • Address: 256 Gerrard E Street
  • City: Toronto
  • State/county: ON
  • Zip/Postal Code: M5A 2G2

Contact Information

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