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$1,300,000
Available - For Sale
Listing ID: E12772442
Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
Price $1,300,000
Taxes: $9,769.09
Tax Type: Annual
Occupancy by: Owner
Address: 1048 GERRARD Street East , Toronto, M4M 1Z8, Toronto
Postal Code: M4M 1Z8
Province/State: Toronto
Legal Description: PCL 7-1-D SEC M105; PT LT 7 BLK D N/S GE
Directions/Cross Streets: Gerrard St E & Jones Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Store With Apt/Office
Building Percentage: F
Total Area: 1,789
Total Area Code:  Square Feet
Office/Appartment Area: 758
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
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CENTURY 21 LEADING EDGE REALTY INC.

1048 GERRARD Street East , Toronto, M4M 1Z8, Toronto

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Store W Apt/Office
Area: Toronto
Municipality: Toronto E01
Neighbourhood: South Riverdale
Style:
Lot Size: x 33.56(Metres)
Approximate Age:
Tax: $9,769.09
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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