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$5,795,000
76 Days On Site

1395 GERRARD STREET E
Toronto (Greenwood-Coxwell), ON M4L1Z3

For Sale|Business|Active
0
Beds
0
Total Baths
11,000
SqFt
$527
/SqFt
Subdivision:
Greenwood-Coxwell
County:
Call Now: 780.994.4663
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780.994.4663
1395 GERRARD STREET E1395 GERRARD STREET E1395 GERRARD STREET E1395 GERRARD STREET E
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Monthly Payment (Est.)

$26,439
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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. (id:31684)

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Listing Snapshot
Price 
$5,795,000
Days On Site 
76 Days
Bedrooms 
N/A
Inside Area (SqFt) 
11,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
E12103930
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Parking Spaces 
7
Property Sub Type 
Business
SqFt Total 
11000
Interior Features
Cooling 
Heating 
Other
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Exterior Features
Frontage 
50 ft

Listing courtesy of: CAROL ELIZABETH FODERICK of KELLER WILLIAMS ADVANTAGE REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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