1659 Gerrard Street E,Toronto (Woodbine Corridor), ON M4L2A9
Toronto (Woodbine Corridor), ON M4L2A9
Description
A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets,entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenancefeatures that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full,offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools -a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straight forward opportunity to add a well-located, income-producing asset to your portfolio. (id:13843)
Details
| MLS # | E13689614 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 67 |
| Listing Provided By | RE/MAX REALTY SPECIALISTS INC. | MICHAEL ADAM MAJESKI |
Features
| Bath(s) | 8 Total |
|---|---|
| SQ Feet | 3,426 |
| Zoning | R(d1*7) |
| Acreage | 3426.00 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot water radiator heat, Natural gas |
| Appliances | Washer, Dryer |
| Fireplace Yes / No | No |
Parking
| Parking Total | 5 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 6794.32 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Woodbine Corridor) |
| Postal Code | M4L2A9 |
| Listing VS Median (in M4L2A9) | |
Price: $1,998,000 low | high Med: $1,998,000 sqft: 3,426 low | high Med: 3,426 $ / sqft: $583 low | high Med: $583 On site: 67 low | high Med: 67 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Woodbine Corridor) |
| Postal Code | M4L2A9 |
| Listing VS Median (in M4L2A9) | |
Price: $1,998,000 low | high Med: $1,998,000 sqft: 3,426 low | high Med: 3,426 $ / sqft: $583 low | high Med: $583 On site: 67 low | high Med: 67 | |
