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$3,300,000
Available - For Sale
Listing ID: C8391534
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) and 5.49% Cap !This meticulously renovated corner property boasts 6 income-generating units (Rental Income). It features 2 beautiful 2-bedroom apartments, and all units have new decks, kitchens, furnaces, and plumbing with upgraded 200-amp service. Updates include a young 8-year-old roof and a 9-year-old boiler system (minimal maintenance!).Excellent Location & Development Potential:Situated next to a well-established restaurant, this high-traffic corner offers excellent visibility and a consistent rental history. With potential for future development (flexible zoning, motivated seller - neighbor interest expressed!), this is a solid investment with long-term value upside.Don't miss out on this turnkey (as-is) opportunity!
Extras:   6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)
Price $3,300,000
Taxes: $7,022
Tax Type: Annual
Occupancy by: Tenant
Address: 294 Gerrard St East , Toronto, M5A 2G4, Ontario
Postal Code: M5A 2G4
Province/State: Ontario
Legal Description: LT B PL D292 Toronto; City of Toronto
Lot Size: 19.28 x 132.56 (Feet)
Directions/Cross Streets: Parliment St ; Gerrard St E
Zoning: Commercial
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 2,551
Total Area Code:  Sq Ft
Approximatly Age: 51-99
Financial Statement: Y
Insurance Expense: $3000
 Heat Expenses: $3942
 Hydro Expense:  $4378
Water Expense: $2400
Gross Income/Sales: $202080
Operating Expenses: $45993
Net Income Before Debt: $168087
Year Expenses: 2023
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Closd
Central Air Conditioning: N
Elevator Lift: None
Sewers: San Avail
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
INTERNATIONAL REALTY FIRM, INC.

294 Gerrard St East , Toronto, M5A 2G4, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: Cabbagetown-South St. James Town
Style:
Lot Size: 19.28 x 132.56(Feet)
Approximate Age: 51-99
Tax: $7,022
Maintenance Fee: $0
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