1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
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$ 1,998,000
Est. payment | /mo

8 Baths

3,426 SqFt


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$ 1,998,000
Est. payment | /mo
Save

8 Baths

3,426 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,426 sqft

Price per Sqft $583

Municipality Toronto E02

Subdivision Woodbine Corridor

MLS Listing ID E13689614

Annual Tax Amount $6,794

Tax Year 2025

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Toronto

Community Toronto E02

Area Toronto

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 25.0

Lot Depth 110.0

Others

ParcelsYN No

Listed by RE/MAX REALTY SPECIALISTS INC.

NEARBY SCHOOLS & PROPERTIES

Kristen Clowry
Kristen Clowry

Broker | License ID: 4740706

+1(888) 311-1172 | kristenclowry@gmail.com

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1659 Gerrard ST E