294 Gerrard Street, Toronto (Cabbagetown-South St. James Town), Ontario M5A2G4 is For Sale and has a listing price of 3,300,000. The property is located in the Cabbagetown South neighbourhood. It's been on the website for 70 Days.
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) (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 05/29/2024 | C8391534 | $3,300,000 | For Sale | - | - |
| 05/29/2024 | C8391532 | $3,300,000 | For Sale | - | - |