256 Gerrard St E

Toronto C08 | Cabbagetown-South St. James Town | M5A 2G2
  • 9 + 2
  • 5
  • 0

$2,188,000

Est. Mtg $7,419 /mo
  • Days on market

    135

  • Status

    Ext

Listing Broker INTERNATIONAL REALTY FIRM, INC. BROKERAGE
Since listed: 2 views

Home details

MLS #:

C8391514

Property type:
Multiplex
Style:
Other
Taxes:
$7,536
Possession:
TBA
Lot Front:
17.49   Feet
Lot Depth:
132.0   Feet
Basement:
Other |
Driveway Pkg:
2
Heat:
Gas | Forced Air

Description


256 Gerrard St E, , Toronto, Ontario is a Multiplex property in Toronto C08 and in the Cabbagetown-South St. James Town community in the M5A 2G2 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2022-02 2022-06 $2,599,900 $2,599,900 Exp C5505782
2023-03 2023-06 $2,249,900 $2,199,900 Ter C5955711
2023-06 2023-09 $2,199,900 $2,199,900 Exp C6173856
2024-04 2024-05 $2,388,000 $2,388,000 Ter C8242188
2024-05 2024-09 $2,188,000 $2,188,000 Ext C8391514
2024-09 $2,188,000 $2,188,000 C8391530
2023-06 $2,249,900 $2,199,900 C6013285
2023-10 $2,199,900 $2,199,900 C6173836
2024-05 $2,388,000 $2,388,000 C8239382
2022-06 $2,599,900 $2,599,900 C5505603

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto C08 :

Average sale price

$872,179

Properties sold

202

New Listings

519

Days on Market

19

Sale $ / List $

101%

Year on Year Growth

-2.87%



Estimated running costs for 256 Gerrard St E

Based on available 3rd party data

$8182

Approximate costs per month

Mortgage
$7419 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$628 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker INTERNATIONAL REALTY FIRM, INC. BROKERAGE
Data Source: TRREB

Payment calculator

$8047 monthly. In association with: TD Bank
%
  • Principal and Interest
    7419 /mo
  • Property Taxes
    $628 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Angela Aiello, Realtor

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