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$ 5,795,000
Est. payment /mo
New
1395 Gerrard ST E Toronto E01, ON M4L 1Z3
11 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 11
Annual Tax Amount $23,858
Tax Year 2024
Property Sub-Type Multiplex
Lot Front 50.0
Property Description
This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2031, 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 2031. 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
Rooms
Family Room No
Basement Finished
Kitchen 11
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Other
Exterior
Parking Features Other
Pool None
Roof Type Unknown
Lot Frontage 50.0
Total Parking Spaces 7
Building
Foundation Unknown
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
Listed by KELLER WILLIAMS ADVANTAGE REALTY
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