256 Gerrard St E

Cabbagetown, Downtown, Toronto

256 Gerrard St E
256 Gerrard St E
256 Gerrard St E
+12
11
 bed
5
 bath
2
 parking
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$2,188,000
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Directions
Size
-
Lot size
214.51 sqm
Street frontage
E
Possession
TBA
Price per sqm
-
Taxes
$7,536 (2023)
Parking Type
-
Style
Other
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Description
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.
Broker: CITIBLOC REALTY
MLS®#: C8391514
Property details
Parking:
2
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
Other
MLS Size:
-
Lot front:
5.18 M
Lot depth:
40.23 M
Listed on:
May 30, 2024
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Josh Benoliel
Broker
Property.ca Inc., Brokerage
647-492-6766
© Property.ca Inc., Brokerage
MLS#: C8391514
Listed by CITIBLOC REALTY

About 256 Gerrard St E

Located at 256 Gerrard St E, this Toronto multiplex is available for sale. It has been listed at $2188000 since May 2024. This multiplex has 11 beds and 5 bathrooms. 256 Gerrard St E resides in the Toronto Cabbagetown neighbourhood, and nearby areas include Moss Park, Regent Park, St. James Town and Church St. Corridor.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

If you are reliant on transit, don't fear, 256 Gerrard St E, Toronto has a TTC BusStop (PARLIAMENT ST AT GERRARD ST EAST) a short distance away. It also has (Bus) route 365 Parliament Night Bus, and (Bus) route 65 Parliament close by. COLLEGE STATION - SOUTHBOUND PLATFORM Subway is also a 11-minute walk. If you're driving from 256 Gerrard St E, you'll have easy access to the rest of the city by way of Don Valley Parkway as well, which is within a 4-minute drive