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For Sale

1659 Gerrard Street E, Toronto, ON M4L 2A9

$1,998,000

  • 8 Bathrooms
  • Investment
  • MLS® E13689614

Listing Brokerage: RE/MAX REALTY SPECIALISTS INC.

Description

A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets,entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenancefeatures that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full,offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools -a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straight forward opportunity to add a well-located, income-producing asset to your portfolio.

Property details

MLS® number
E13689614
Transaction
For Sale
Property type
Commercial
Style / use
Investment
Community
Woodbine Corridor
City
Toronto E02
Bathrooms
8
Building area
3426 Square Feet
Lot width
25 Feet
Lot depth
110 Feet
Heating
Gas Hot Water
Cooling
No
Garage
None
Taxes
$6,794.32
Tax year
2025
Business type
Apts - 6 To 12 Units
Listing brokerage
RE/MAX REALTY SPECIALISTS INC.

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