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$2,299,000
Available - For Sale
Listing ID: C8422740
Excellent investment a short distance to Downtown, highways, and walkable neighbourhood. Beautiful historic yellow-brick Cabbagetown Victorian building, fully renovated and updated. Bright offices and apartments. Busy, thriving commercial neighbours. Well-maintained open-concept commercial space on the main floor. Two huge 1-bedroom apartments on top two floors. Can be converted as desired. 2-3 Car parking and rear lane access. *Vacant possession on request*. *6.13% Stabilized Cap Rate.*
Extras:   Rentable, full-height, finished basement with separate entrance, washroom, and open-concept meeting area. This adds 1457 square feet to the rentable area. Current basement commercial tenant willing to stay.
Price $2,299,000
Taxes: $4,855
Tax Type: Annual
Occupancy by: Own+Ten
Address: 261 Gerrard St East , Toronto, M5A 2G1, Ontario
Postal Code: M5A 2G1
Province/State: Ontario
Legal Description: PART OF LOT 40, IN BLOCK A, PLAN D138, D
Lot Size: 19.69 x 128.9 (Feet)
Directions/Cross Streets: Gerrard At Berkeley
Zoning: Multi-Use (2 Com
Category: Multi-Use
Building Percentage: N
Total Area: 3,387
Total Area Code:  Sq Ft
Office/Appartment Area: 40
Office/Appartment Area Code: %
Retail Area: 0
Retail Area Code: %
Area Influences: Major Highway   Public Transit
Approximatly Age: 100+
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Part
Elevator Lift: None
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE ESTATE REALTY

261 Gerrard St East , Toronto, M5A 2G1, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Toronto
Municipality: Toronto
Neighbourhood: Cabbagetown-South St. James Town
Style:
Lot Size: 19.69 x 128.90(Feet)
Approximate Age: 100+
Tax: $4,855
Maintenance Fee: $0
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