294 Gerrard ST E, Toronto, ON M5A 2G4
294 Gerrard ST E, Toronto, ON M5A 2G4
294 Gerrard ST E, Toronto, ON M5A 2G4
294 Gerrard ST E, Toronto, ON M5A 2G4
294 Gerrard ST E, Toronto, ON M5A 2G4
294 Gerrard ST E, Toronto, ON M5A 2G4
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Nickolay Carrera Campoverde

Nickolay Carrera Campoverde

+1(437) 660-5487
$ 2,999,900
Est. payment | /mo

2,551 SqFt

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

2,551 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,551 sqft

Price per Sqft $1,175

Municipality Toronto C08

Subdivision Moss Park

MLS Listing ID C13136426

Annual Tax Amount $7,948

Tax Year 2025

Lot Size 2,551 Sqft

Property Sub-Type Investment

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

Zoning Commercial

Interior

Cooling No

Exterior

Parking Features None

Community Features Major Highway, Public Transit

Utilities Available Yes

Building

Lot Description Lot

Others

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294 Gerrard ST E

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