Value
Photos
Map
$3,300,000
ESTIMATED
9 + 4
BEDROOMS
8
BATHROOMS
C8391532
MLSID

294 Gerrard Street, Toronto

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!
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Sold History

SOLD
25 October 2009
$400,000

Summary

Address
294 Gerrard Street
MLSID
C8391532
Property Type
Multiplex
Property Category
Bedrooms
9 + 4
Bathrooms
8
Kitchens
6
Zoning
Residential
Taxes (Annual)
$7,022.00
Tax Year
2023
Published
May 31, 2024
Days on Market
388 Days
Possession Details
Tba
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Extras

6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)

Details

Lot Width
19 Feet
Lot Depth
133 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with INTERNATIONAL REALTY FIRM, INC. BROKERAGE
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Time
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