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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  71 day

    AI Summary *

    • Eight-unit multiplex generating income, great investment opportunity.
    • Updated building with recent renovations and low-maintenance features.
    • Multiple entrances for tenant privacy and easy access.
    • Five parking spots available, plus potential for a sixth.
    • Prime location near the Beach, transit, and local amenities.




    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-maintenancefeatures 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 straight forward opportunity to add a well-located, income-producing asset to your portfolio.
    Listing IDE13689614
    Address1659 Gerrard Street
    CityToronto, Ontario
    Price$1,998,000
    Bath8 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot Water

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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 $1,998,000
    Get more info