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1395 Gerrard Street - $5,450,000

1395 Gerrard Street

$5,450,000

Greenwood-Coxwell

Toronto Greenwood Coxwell, OntarioM4L1Z3

22 beds

16 baths

7 parking

MLS#: E13214710Listed: about 2 months agoUpdated:about 2 months ago

Description

Live in one of the units or Live/Work in the same building or Rent all. Excellent investment opportunity with a cap rate of 5.5%! 20 Residential Units with a mix of 4 x Studios, 11 x 1 Bedroom, 5 x 2 Bedrooms units and a commercial store with lease ending end of 2026. Currently 3 vacant units (2x1BR, 1x2BR) allowing for possible renovations to attract a higher rent. Great mix for income stability and potential for value and rental appreciation - see attached for Property Proforma. Currently self managed (proforma shown with a property management company) with a cleaning/maintenance person. Mostly month to month tenancies. This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. Popular high demand area due to a high Walk score of 93, a Transit score for 73, and a Bike Score of 79. Allows easy access to run errands and daily living with great transit to the downtown core if needed. 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. See attached floor plans - not exactly as shown as some kitchens may have been altered. Major renovation and new addition done in 2012 with permits. See upgrades/updates on attached document. (id:63050)

Details

Details for 1395 Gerrard Street, Toronto Greenwood Coxwell, Ontario

Property Type: Multi Family
Building Type: Other
Storeys: -
Neighborhood: Greenwood-Coxwell
Land Size: 50 x 120.2 FT
Year Built: -
Annual Property Taxes: $24,891
Parking Type: No Garage

Inside

Appliances: -
Rooms: -
Bedrooms: 22
Bathrooms: 16
Fireplace: -
Fireplace Total: -
Basement: Finished, N/A

Building

Architecture Style: -
Direction: Cross Streets: Gerrard St E & Greenwood. ** Directions: W of Coxwell, S Side Gerrard.
Type of Dwelling: other
Roof: -
Exterior: Brick
Foundation: Unknown
Flooring: -