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$1,998,000
Available - For Sale
Listing ID: E13689614
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.
Price $1,998,000
Taxes: $6,794.32
Tax Type: Annual
Occupancy by: Tenant
Address: 1659 Gerrard Street East , Toronto, M4L 2A9, Toronto
Postal Code: M4L 2A9
Province/State: Toronto
Legal Description: PT LT 3 PL 460E TORONTO AS IN CA721351,
Directions/Cross Streets: Gerrard St E and Coxwell
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,426
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Hot Water
Central Air Conditioning: No
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RE/MAX REALTY SPECIALISTS INC.

1659 Gerrard Street East , Toronto, M4L 2A9, Toronto

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

 
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Type: Com - Investment
Area: Toronto
Municipality: Toronto E02
Neighbourhood: Woodbine Corridor
Style:
Lot Size: x 110.00(Feet)
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Tax: $6,794.32
Maintenance Fee: $0
Beds: 0
Baths: 8
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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