$1,998,000.00

1659 GERRARD STREET E, Toronto (Woodbine Corridor), Ontario, M4L2A9, Canada Listing ID: E13689622
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Bathrooms Bedrooms Property Type
8 8 Single 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-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. (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 (E13689622)
Additional Information
Amenity Near By
Features Carpet Free, In-Law Suite
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Name - No Garage
Transaction For sale
Building
Bathroom Total 8
Bedrooms Total 8
Bedrooms Above Ground 8
Appliances Water Heater, Water meter, Dryer, Stove, Washer, Refrigerator
Basement Development Partially finished
Basement Features Separate entrance
Basement Type N/A (Partially finished), N/A
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fireplace Present
Foundation Type Unknown
Heating Fuel Natural gas
Size Interior 2000 - 2500 sqft
Stories Total 2
Type House
Utility Water Municipal water
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