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$ 2,999,900
Est. payment /mo
New
294 Gerrard ST E Toronto C08, ON M5A 2G4
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto C08
Subdivision Moss Park
MLS Listing ID C13136412
Style 2-Storey
Bedrooms 10
Annual Tax Amount $7,948
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Other
Cooling None
Exterior
Pool None
Roof Type Flat
Lot Frontage 19.25
Lot Depth 132.0
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Virtual Tour https://view.tours4listings.com/294-gerrard-street-east-toronto/nb/
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.