294 Gerrard Street East, Toronto | Image 1

294 Gerrard Street East

Toronto, Cabbagetown-South St. James Town

  • - bed - bath
$X,XXX,XXX Listed: $X,XXX,XXX
Removed

Removed on Mar 31, 2025

Note: Property is not currently for sale or for rent.

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  • Type: Multiplex

  • Style: Other

  • Lot Size: 19.28 x 132.56 Feet

  • Age: No Data

  • Taxes: $7,022 per year

  • Days on Site: 121 Days

  • Added: May 29, 2024 (3 months on market)

  • Updated:

  • Last Checked: 7 hours ago

  • MLS®#: C8391532

  • Listed By: International realty firm, inc. brokerage

Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!

Extras

6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803)

Status

  • Days on Market: 121

  • Last Status: Extended (by changing the expiry date)

  • Sold Date: Nov 21, 2024

  • Closed Date: Nov 30, -0001

  • Expiry Date: Mar 31, 2025

  • Unavailable Date: Nov 30, -0001

  • Input Date: May 31, 2024

  • Prior LSC: Listing with no contract changes

Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: Other

  • Area: Toronto

  • Community: Cabbagetown-South St. James Town

  • Availability Date: TBA

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 4

  • Bathrooms: 8

  • Kitchens: 6

  • Rooms: 6

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 8

Building

  • Basement: Other

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Other

  • Water Supply: Municipal

  • Special Designation: Other

Parking

  • Driveway: Other

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT B PL D292 Toronto; City of Toronto

  • Taxes: $7,022

Land

  • Cross Street: Parliment St ; Gerra

  • Municipality District: Toronto C08

  • Fronting On: East

  • Parcel Number: 210880246

  • Pool: None

  • Sewer: Other

  • Lot Depth: 132.56 Feet

  • Lot Frontage: 19.28 Feet

  • Zoning: Residential

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Walker's Paradise

  • Daily errands do not require a car.
99 /100

Rider's Paradise

  • Daily errands do not require a car.
92 /100

Biker's Paradise

  • Daily errands do not require a car.
100 /100
Map of 294 Gerrard Street East, Toronto
JK-6

École élémentaire Gabrielle-Roy

Elementary: Public
0.75 km
JK-8

Sprucecourt Junior Public School

Elementary: Public
0.37 km
JK-8

Nelson Mandela Park Public School

Elementary: Public
0.72 km
JK-8

Winchester Junior and Senior Public School

Elementary: Public
0.48 km
JK-8

Lord Dufferin Junior and Senior Public School

Elementary: Public
0.18 km
JK-8

Our Lady of Lourdes Catholic School

Elementary: Catholic
0.70 km
9-12

Msgr Fraser College (St. Martin Campus)

Secondary: Catholic
0.61 km
9-12

Inglenook Community School

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1.14 km
9-12

Collège français secondaire

Secondary: Public
0.79 km
9-12

Msgr Fraser-Isabella

Secondary: Catholic
1.10 km
9-12

Jarvis Collegiate Institute

Secondary: Public
0.85 km
9-12

Rosedale Heights School of the Arts

Secondary: Public
1.28 km

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