256 Gerrard St, Toronto

256 Gerrard St, Cabbagetown-South St. James Town, Toronto M5A2G2

Other, Multiplex Property
11 Rooms Total, 4 Kitchens
2 Parking Spaces

17.49 x 132.00

Other Basement
Other Exterior

Investor Alert! Prime Downtown Investment (Motivated Seller)! This Commercial-Residential Zoned Property Offers A 5.70% Cap Rate And Is Fully Leased With Income-Producing Units. Featuring 4 Well-Maintained Units, This Multi-Family Investment Includes Impressive Rental Income (Main = $3,800; 2Nd = $4,400; Top = $1,800). Located In A Prime Downtown Core With Steps To Amenities And Transit, This Property Has Lane Access For 2-Car Parking And Potential For Additional Rental Income. Development Potential To Add 3 Extra Units (Buyer To Verify) And Bonus Opportunity For A 5Th Unit Or Laneway House (Buyer To Verify). Turnkey Opportunity With Capital Appreciation Potential. Perfect For Multi-Generational Family Living Under One Roof, And An Excellent Opportunity For Investors Seeking A High-Yield, Mixed-Use Property. Securing This Property Early Ensures Long-Term Passive Income And More Profit In Coming Years. Dont Miss This As-Is Handyman Special!

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

Pt Lt 3 Blk C Pl D138 Toronto As In Ca45102; City Of Toronto