294 Gerrard ST E, Toronto C08, ON M5A 2G4
294 Gerrard ST E, Toronto C08, ON M5A 2G4
294 Gerrard ST E, Toronto C08, ON M5A 2G4
294 Gerrard ST E, Toronto C08, ON M5A 2G4
294 Gerrard ST E, Toronto C08, ON M5A 2G4
294 Gerrard ST E, Toronto C08, ON M5A 2G4
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Christine Weaver

Christine Weaver

+1(647) 646-0684
$ 2,999,900
Est. payment | /mo

10 Beds

5 Baths

2,551 Acres Lot

Save Virtual Tour Video Tour
$ 2,999,900
Est. payment | /mo
Save Virtual Tour Video Tour

10 Beds

5 Baths

2,551 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Municipality Toronto C08

Subdivision Moss Park

MLS Listing ID C13136412

Style 2-Storey

Bedrooms 10

Annual Tax Amount $7,948

Tax Year 2025

Lot Size 2551.000 Acres

Property Sub-Type Multiplex

Property Description

Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.

Location

Province ON

County Toronto

Community Toronto C08

Area Toronto

Rooms

Basement Apartment

Kitchen 4

Interior

Interior Features Other

Cooling None

Exterior

Parking Features None

Pool None

Roof Type Flat

Building

Foundation Concrete

Others

Virtual Tour https://view.tours4listings.com/294-gerrard-street-east-toronto/nb/

Lited by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Nearby Locations

Christine Weaver

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 646-0684

christine@weaverrealty.ca

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294 Gerrard ST E