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Jamie Black

jamie@jamieblackhomes.ca +1(416) 496-9220

$ 5,795,000

Est. payment -/mo

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Active

1395 Gerrard ST E Toronto E01, ON M4L 1Z3

23 Beds

12 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Greenwood-Coxwell

MLS Listing ID E12103997

Style Other

Bedrooms 23

Annual Tax Amount $23,858

Tax Year 2024

Property Sub-Type Multiplex

Appx SqFt 5000 +

Property Description

This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2026, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2026. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.

Location

Province ON

County Toronto

Community Greenwood-Coxwell

Area Toronto

Zoning CR2(c1;r2)*1573)

Rooms

Family Room No

Basement Finished

Kitchen 20

Interior

Interior Features None

Cooling None

Inclusions All unit appliances included. 2012 water heating with 2 new wall hang boilers and related equipment. Parking for 5 cars (no permit) on sidewalk, parking for 2 cars inside gate.

Exterior

Parking Features Other

Pool None

Roof Type Unknown

Lot Frontage 50.0

Total Parking Spaces 7

Building

Foundation Unknown

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by Signature Elite Realty Ltd.

Jamie Black

Sales Representative

+1(416) 496-9220

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Jamie Black

1395 Gerrard ST E Toronto E01, ON M4L 1Z3

Key Details

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1395 Gerrard ST E

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