256 GERRARD STREET E

Toronto (Cabbagetown-South St. James Town), Ontario, M5A2G2, Canada

$2,188,000

Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify)! Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity!

EXTRAS 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

Last updated on : Thursday 5th of September 2024 01:50:17 PM

ADDRESS

Street : 256 GERRARD STREET E

City : Toronto (Cabbagetown-South St. James Town)

Province : Ontario

Country : Canada

Postal Code : M5A2G2

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PROPERTY SUMMARY

Property ID : C8391514

Building Type : Other

Property Type : Multi-family

Bedrooms : 9 + 2

Bathrooms : 5 + 1

Parking : 2

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