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$5,450,000
Available - For Sale
Listing ID: E13214716
Live in one of the units or Live/Work in the same building or Rent all. Excellent investment opportunity with a cap rate of 5.5%! 20 Residential Units with a mix of 4 x Studios, 11 x 1 Bedroom, 5 x 2 Bedrooms units and a commercial store with lease ending end of 2026. Currently 3 vacant units (2x1BR, 1x2BR) allowing for possible renovations to attract a higher rent. Great mix for income stability and potential for value and rental appreciation - see attached for Property Proforma. Currently self managed (proforma shown with a property management company) with a cleaning/maintenance person. Mostly month to month tenancies. This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. Popular high demand area due to a high Walk score of 93, a Transit score for 73, and a Bike Score of 79. Allows easy access to run errands and daily living with great transit to the downtown core if needed. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs. See attached floor plans - not exactly as shown as some kitchens may have been altered. Major renovation and new addition done in 2012 with permits. See upgrades/updates on attached document.
Price $5,450,000
Taxes: $24,891.33
Tax Type: Annual
Occupancy by: Tenant
Address: 1395 Gerrard Street East , Toronto, M4L 1Z3, Toronto
Postal Code: M4L 1Z3
Province/State: Toronto
Legal Description: LT 11 PL 1357 TORONTO; CITY OF TORONTO
Directions/Cross Streets: Gerrard St E & Greenwood
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - Over 20 Units
Building Percentage: F
Total Area: 11,000
Total Area Code:  Square Feet
Office/Appartment Area: 9500
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Public Transit   Recreation/Comm
Maintenance: 0
Heat Type: Other
Central Air Conditioning: Partial
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KELLER WILLIAMS PORTFOLIO REALTY

1395 Gerrard Street East , Toronto, M4L 1Z3, Toronto

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Maria Tompson
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416-548-7854
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416-981-7184

 
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Type: Com - Investment
Area: Toronto
Municipality: Toronto E01
Neighbourhood: Greenwood-Coxwell
Style:
Lot Size: x 120.16(Feet)
Approximate Age:
Tax: $24,891.33
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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