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Home ON Greater Toronto Toronto Old Toronto Cabbagetown South
256 GERRARD STREET E
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256 GERRARD STREET E $2,188,000
$2,188,000
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256 GERRARD STREET E
Toronto, Ontario M5A2G2

MLS® Number: C8391530

Listing Description

Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify). Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity! **** EXTRAS **** 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35361758)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Cabbagetown-South St. James Town
Land Size
17.49 x 132 FT
Annual Property Taxes
$7,536
Total Parking Spaces
2
Time on REALTOR.ca
32 days

Building

Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
2

Measurements

Square Footage
2776 sqft
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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