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    For Sale - 1659 Gerrard Street, Toronto, Ontario

    Est payment $9,594/mo
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    Views   2
    Time on Jump  51 day

    AI Summary *

    • Income-generating eight-unit multiplex with stable rent rolls from day one.
    • Recent updates including new windows, roof, and flooring enhance property value.
    • Three separate entrances provide tenant privacy and easy access to units.
    • Ample parking with five spots plus potential for a sixth in tandem.
    • Great location near transit, parks, schools, and the Beach for high demand.




    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

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    Listing Brokerage: RE/MAX REALTY SPECIALISTS 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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    1659 Gerrard Street
    Toronto , Ontario
    8 8 $1,998,000
    Get more info