294 Gerrard St E
FOR SALE
$3,300,000
Terminated
$0
➧
➧
Registration Required
Register for Sold Data Access
9 + 4
BEDROOMS8
BATHROOMS6
KITCHENS17
ROOMSC8391532
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-31 | 2024-11-22 | 175 | $3,300,000 | - | Terminated |
| 2024-04-17 | 2024-05-31 | 44 | $3,500,000 | - | Terminated |
Call
Property Description
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!
Extras
6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Nearby Intersections
Dundas & Parliament (13)
Carlton & Parliament (12)
Call
Property Details
Street
Community
City
Property Type
Multiplex, Other
Call
Similar Listings
9-unit multiplex in Mimico! Separate hydro meters (each unit pays own hydro except for unit 1A has hydro included in rent). Water and heat included in rent. Tenants pay own cable, television and phone. Lockers for each unit in basement. 2 coin-operated washing machines, 1 coin-operated dryer. Parking at rear of building. Walk to transit/GO, Sanremo, shopping and dining. Conveniently located minutes to schools, the lake, highways, both airports and downtown.
Call
Call