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    For Sale - 1659 Gerrard Street, Toronto, Ontario

    Est payment $9,594/mo
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    Time on Jump  1 days




    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-maintenance features 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 straightforward opportunity to add a well-located, income-producing asset to your portfolio.
    Listing IDE13689622
    Address1659 Gerrard Street
    CityToronto, Ontario
    Price$1,998,000
    Bed / Bath8 / 8 Full
    Style2-Storey, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Water Heater Owned, Water Meter, In-Law Suite, Floor Drain, Carpet Free, Accessory ApartmentOwnership FreeholdBasement Partially Finished, Separate EntranceFoundation UnknownHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  RE/MAX REALTY SPECIALISTS INC.

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    1659 Gerrard Street
    Toronto , Ontario
    8 8 $1,998,000
    Get more info