ON > Toronto E01 > Greenwood-Coxwell
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
Toronto E01, ON M4L 1Z3,1395 Gerrard ST E
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Austin Falk

Austin Falk

+1(647) 687-3255
$ 5,795,000
Est. payment | /mo
Save
$ 5,795,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Municipality Toronto E01

Subdivision Greenwood-Coxwell

MLS Listing ID E12103855

Annual Tax Amount $23,858

Tax Year 2024

Property Sub-Type Store W Apt/Office

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)

Interior

Cooling Partial

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

Utilities Available Available

Lot Frontage 50.0

Others

Security Features No

ParcelsYN No

Listed by Signature Elite Realty Ltd.
Austin Falk

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

+1(647) 687-3255

austin@falkrealtygroup.ca

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1395 Gerrard ST E