48
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$1,998,000
Est. payment /mo
8 Baths
3,426 SqFt
Active
1659 Gerrard ST E Toronto E02, ON M4L 2A9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,426 sqft
Price per Sqft $583
Municipality Toronto E02
Subdivision Woodbine Corridor
MLS Listing ID E13689614
Annual Tax Amount $6,794
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Toronto
Community Toronto E02
Area Toronto
Zoning R(d1*7)
Interior
Cooling No
Inclusions 8 Fridges, 7 Stoves, Heavy duty coin operated washer and dryer, HWT owned, 7 exhaust fan, Boiler Rental.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Lited by RE/MAX REALTY SPECIALISTS INC.
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