261 Gerrard Street East, Toronto | Image 1

261 Gerrard Street East

Toronto, Cabbagetown-South St. James Town

  • Commercial

$2,299,000
For Sale

Added 5 months ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.
  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: Multi-Use (2 Com

  • Age: 100+ years

  • Taxes: 4855

  • MLS®#: C8422740

  • Days on Site: 152 Days

  • Added: Jun 09, 2024 (5 months ago)

  • Updated:

  • Last Checked: 4 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*. *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.

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

6-8

Msgr Fraser College (OL Lourdes Campus)

Elementary: Catholic
0.68 km
JK-6

École élémentaire Gabrielle-Roy

Elementary: Public
0.63 km
JK-8

Sprucecourt Junior Public School

Elementary: Public
0.50 km
JK-8

Winchester Junior and Senior Public School

Elementary: Public
0.50 km
JK-8

Lord Dufferin Junior and Senior Public School

Elementary: Public
0.15 km
JK-8

Our Lady of Lourdes Catholic School

Elementary: Catholic
0.68 km
9-12

Msgr Fraser College (St. Martin Campus)

Secondary: Catholic
0.73 km
9-12

Native Learning Centre

Secondary: Public
0.89 km
9-12

St Michael's Choir (Sr) School

Secondary: Catholic
1.04 km
9-12

Collège français secondaire

Secondary: Public
0.70 km
9-12

Msgr Fraser-Isabella

Secondary: Catholic
1.10 km
9-12

Jarvis Collegiate Institute

Secondary: Public
0.80 km
For Sale
2 months ago
$1,880,000
  • 0 bath
  • 0 bed

38 Kensington Avenue, Toronto, Ontario • M5T 2J9 • Kensington-Chinatown

For Sale
2 months ago
$1,799,000
  • 4 bath
  • 0 bed

108 Seaton Street, Toronto, Ontario • M5A 2T3 • Moss Park

For Sale
2 weeks ago
$1,999,000
  • 0 bath
  • 0 bed

110 Beverley Street, Toronto, Ontario • M5T 1Y2 • Kensington-Chinatown

For Sale
2 weeks ago
$2,680,000
  • 2 bath
  • 0 bed

33 Madison Avenue, Toronto, Ontario • M5R 2S2 • Annex

For Sale
1 week ago
$2,450,000
  • 0 bath
  • 0 bed

208-117 Peter Street, Toronto, Ontario • M5V 0M3 • Waterfront Communities C01

For Sale
1 week ago
$1,999,000
  • 4 bath
  • 0 bed

179 Queen Street East, Toronto, Ontario • M5A 1S2 • Moss Park

For Sale
2 weeks ago
$2,100,000
  • 0 bath
  • 0 bed

368 King Street East, Toronto, Ontario • M5A 1K9 • Moss Park

For Sale
6 days ago
$2,499,900
  • 0 bath
  • 0 bed

210-591 Yonge Street, Toronto, Ontario • M4Y 0H6 • Church-Yonge Corridor

For Sale
1 week ago
$2,399,999
  • 4 bath
  • 0 bed

608 Gerrard Street East, Toronto, Ontario • M4M 1Y3 • North Riverdale