294 Gerrard St E

Toronto C08 | Cabbagetown-South St. James Town | M5A 2G4
  • 9 + 4
  • 8
  • 0

$3,300,000

Est. Mtg $11,189 /mo
  • Days on market

    135

  • Status

    Ext

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

Home details

MLS #:

C8391532

Property type:
Multiplex
Style:
Other
Taxes:
$7,022
Possession:
TBA
Lot Front:
19.28   Feet
Lot Depth:
132.56   Feet
Basement:
Other |
Driveway Pkg:
0
Heat:
Gas | Forced Air

Description


294 Gerrard St E, , Toronto, Ontario is a Multiplex property in Toronto C08 and in the Cabbagetown-South St. James Town community in the M5A 2G4 postal code


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).


History

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List Date End Date List Price End Price Status MLS #
2024-04 2024-05 $3,500,000 $3,500,000 Ter C8242326
2024-05 2024-09 $3,300,000 $3,300,000 Ext C8391532
2024-05 $3,500,000 $3,500,000 C8239408
2024-09 $3,300,000 $3,300,000 C8391534

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 294 Gerrard St E

Based on available 3rd party data

$11909

Approximate costs per month

Mortgage
$11189 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$585 p/m
Maintenance
$0 p/m

Amenities:

Features:

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

Payment calculator

$11774 monthly. In association with: TD Bank
%
  • Principal and Interest
    11189 /mo
  • Property Taxes
    $585 /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

Gunpreet Kochar, Realtor

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