$1,998,000.00

1659 GERRARD STREET E, Toronto (Woodbine Corridor), Ontario, M4L2A9, Canada Listing ID: E13689614
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Bathrooms Bedrooms Property Type
8 Multi-family

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. (id:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 23 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 1659 GERRARD STREET E (E13689614)
Additional Information
Amenity Near By
Features
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership
Parking
Transaction For sale
Building
Bathroom Total 8
Appliances Dryer, Washer
Cooling Type None
Fireplace Present
Heating Fuel Natural gas
Heating Type Hot water radiator heat
Size Exterior 3426 sqft
Size Interior 3426 sqft
Type Multi-Family
Utility Water Municipal water
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