294 Gerrard Street E, Toronto C08, ON

$3,300,000

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9+4

Beds

8

Baths

About 294 Gerrard Street E

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!

Features of 294 Gerrard Street E

MLS® # C8391532
Price $3,300,000
Bedrooms 9
Bedrooms Plus 4
Bathrooms 8.00
Acres 0.00
Type Residential Freehold
Sub-Type Multiplex
Style Other
Status Active

Community Information

Address 294 Gerrard Street E
Area Toronto
Subdivision Cabbagetown-South St. James Town
City Toronto C08
Province ON
Postal Code M5A 2G4

Amenities

Features 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Garages None
Is Waterfront No
Pool None

Interior

Heating Forced Air
Cooling None
Fireplace No
Basement Other

Exterior

Exterior Other

Listing Details

OfficeINTERNATIONAL REALTY FIRM, INC. BROKERAGE

Listing Map

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