Property Description

Solid Investment Opportunity! Fully Leased 6-unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 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: This property is situated at a high-traffic corner and offers 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. Dont miss this as-is, passive income opportunity.

Features
: Y
Outside/Surface
6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Address Map
Gerrard
Canada
Ontario
Toronto
Toronto
M5A 2G4
294
St
: E
01.C08.0930
Property Details
0 Sqft
0 Sqft
Utilities
: Gas Forced Air Closd
: N
C$0

294 Gerrard St, Toronto, Ontario M5A 2G4

For Sale Investment

C$3300000
Listing ID #C8391534
Basic Details
Listing ID : C8391534
Property Type : Investment
Price : C$3300000
Tax Year :
Days On Market : 123
Taxes : C$7022
Agent info
The Alves Group
Contact Agent