261 Gerrard Street East, Toronto | Image 1

261 Gerrard Street East

Toronto, Cabbagetown-South St. James Town

  • Commercial

$2,488,000
For Sale

Added 4 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: Multi-Use (2 Com

  • Age: 100+ years

  • Taxes: 4855

  • MLS®#: C8422740

  • Added: Jun 10, 2024 (4 months ago)

  • Updated:

  • Last Checked: 11 hours ago

  • Listed By: ROYAL LEPAGE ESTATE REALTY

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*. *5.6% 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.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 100+

  • Area: Toronto

  • Community: Cabbagetown-South St. James Town

  • Availability Date: Negotiable

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART OF LOT 40, IN BLOCK A, PLAN D138, DESIGNATED AS PART 2 ON P

  • Taxes: $4,855

  • Taxes Type: Annual

Land

  • Cross Street: Gerrard At Berkeley

  • Municipality District: Toronto C08

  • Parcel Number: 210890334

  • Lot Depth: 128.9 Feet

  • Lot Frontage: 19.69 Feet

  • Zoning: Multi-Use (2 Com

Commercial Specific

  • Retail Area Metric: %

  • Sprinklers: N

  • Total Area: 3387

  • Total Area Metric: Sq Ft

  • Office Size: 40

  • Office Size Metric: %

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Lot Code: Building

Map of 261 Gerrard Street East, Toronto
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