For Sale

261 Gerrard Street, Toronto (Cabbagetown-South St. James Town), Ontario M5A2G1

$2,488,000

261 Gerrard Street, Toronto (Cabbagetown-South St. James Town), Ontario M5A2G1 is For Sale and has a listing price of 2,488,000. The property is located in the Cabbagetown South neighbourhood. It's been on the website for 102 Days.

  • Retail
    Property Type
  • MLS ID: C8422740
  • Office Name ROYAL LEPAGE ESTATE REALTY
Property Description

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. (id:43137)

Property Details
  • MLS ID: C8422740
  • Price: $2,488,000
  • Transaction Types: For Sale
  • Ref ID: 27017440
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
06/10/2024 C8422740 $2,488,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Cabbagetown South
  • $1,803,371 Average List Price
    based on 1 year
  • 33 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.23 % Below
  • Sold (12mo) 15
  • Rented (12mo) 35

  • 1 Month Change +18.8%
  • 3 Month Change +38.7%
  • 6 Month Change +61.0%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 93 Transit Score
    Rider's Paradise
  • 100 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    58.17%
  • Commercial
    24.61%
  • Condo
    16.78%
  • Land for Sale
    0.45%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Partially Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 10/06/2024 00:00:00
  • Zoning R2-1
  • Agent Name: MATT WOOD
  • Last Updated: 04/09/2024 00:03:06
Open House Dates
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