Deepak Sharma
Broker
Remax Royal Properties Realty Brokerage, Brokerage
Independently owned and operated.
7595 Markham Rd #19 , Markham, Ontario L3S0B6
Cell: 647-229-0670Office: 905-554-0101
$2,188,000
Available - For Sale
Listing ID: C8391514
256 Gerrard St East , Toronto, M5A 2G2, Ontario
| 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! |
| Extras: 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. |
| Price | $2,188,000 |
| Taxes: | $7536.00 |
| Address: | 256 Gerrard St East , Toronto, M5A 2G2, Ontario |
| Lot Size: | 17.49 x 132.00 (Feet) |
| Directions/Cross Streets: | Sherbourne St & Gerrard St E |
| Rooms: | 11 |
| Bedrooms: | 9 |
| Bedrooms +: | 2 |
| Kitchens: | 4 |
| Family Room: | Y |
| Basement: | Other |
| Property Type: | Multiplex |
| Style: | Other |
| Exterior: | Other |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 2 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Sewers: | Other |
| Water: | Municipal |
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Deepak Sharma
Broker
Dir:
647-229-0670
Bus:
905-554-0101
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Style: | Other |
| Lot Size: | 17.49 x 132.00(Feet) |
| Tax: | $7,536 |
| Beds: | 9+2 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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