45
See all 45 photos
$5,450,000
Est. payment /mo
21 Beds
16 Baths
6,006 Sqft Lot
Active
1395 Gerrard ST E Toronto E01, ON M4L 1Z3
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Municipality Toronto E01
Subdivision Greenwood-Coxwell
MLS Listing ID E13214710
Style Other
Bedrooms 21
Annual Tax Amount $24,891
Tax Year 2025
Lot Size 6,006 Sqft
Property Sub-Type Multiplex
Lot Depth 120.16
Lot Front 50.0
Property 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 5.39%! 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 2 vacant units (1x1BR, 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.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Rooms
Family Room No
Basement Finished
Kitchen 20
Separate Den/Office 1
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Rolled,Tar and Gravel
Lot Frontage 50.0
Lot Depth 120.16
Total Parking Spaces 7
Building
Foundation Unknown
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Listed by KELLER WILLIAMS PORTFOLIO REALTY
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