256 Gerrard St E
FOR SALE
$2,188,000
Terminated
$0
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9 + 2
BEDROOMS5
BATHROOMS4
KITCHENS11
ROOMSC8391514
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-31 | 2024-11-22 | 175 | $2,188,000 | - | Terminated |
| 2024-04-17 | 2024-05-31 | 44 | $2,388,000 | - | Terminated |
| 2023-06-19 | 2023-08-31 | 73 | $2,199,900 | - | Expired |
| 2023-03-09 | 2023-06-21 | 104 | $2,199,900 | - | Terminated |
| 2022-02-17 | 2022-06-15 | 120 | $2,599,900 | - | Expired |
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Property 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!
Extras
4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.
Nearby Intersections
Dundas & Parliament (14)
Carlton & Parliament (10)
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Property Details
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Community
City
Property Type
Multiplex, Other
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