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    For Sale - 1048 GERRARD Street, Toronto, Ontario

    Est payment $5,757/mo
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    Time on Jump  1 days

    AI Summary *

    • Turnkey investment opportunity in South Riverdale with established coin laundry business.
    • Main floor features a legal addition with kitchenette and private washroom.
    • Two-bedroom apartment on the second floor with private deck and two entrances.
    • Includes three parking spaces with rear laneway access for convenience.
    • Potential for significant passive income while living above the business.




    Incredible opportunity to own this turnkey investment in south riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business business currently has a site manager who is willing to stay and continue to maintain business
    Listing IDE12945340
    Address1048 GERRARD Street
    CityToronto, Ontario
    Price$1,199,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  CENTURY 21 LEADING EDGE REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1048 Gerrard Street
    Toronto , Ontario
    $1,199,000
    Get more info