About 294 Gerrard Street E
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!
Features of 294 Gerrard Street E
| MLS® # | C8391532 |
|---|---|
| Price | $3,300,000 |
| Bedrooms | 9 |
| Bathrooms | 8.00 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | Other |
| Status | Active |
Community Information
| Address | 294 Gerrard Street E |
|---|---|
| Area | Toronto |
| Subdivision | Cabbagetown-South St. James Town |
| City | Toronto C08 |
| Province | ON |
| Postal Code | M5A 2G4 |
Amenities
| Features | 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Other |
Exterior
| Exterior | Other |
|---|
Listing Details
| Office | INTERNATIONAL REALTY FIRM, INC. BROKERAGE |
|---|