1659 GERRARD STREET E, Toronto (Woodbine Corridor), Ontario, M4L2A9
A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets, entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenance features that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full, offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools - a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straightforward opportunity to add a well-located, income-producing asset to your portfolio. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-868-4674
- 705-745-4321
- 705-745-4324
- charmcconkey@gmail.com
- Property Address: 1659 GERRARD STREET E, Toronto (Woodbine Corridor), Ontario, M4L2A9
- Community Name: Woodbine Corridor
- Property Type: Single Family
- Title: Freehold
- Lot Size: 25 x 110 FT
- Acreage: 25 x 110 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 5
- Structure Style: House
- Style: Detached
- Storeys: 2
- Floor Space: 2000 - 2500 sqft
- Bedrooms: 8
- Bathrooms: 8-Total
- Basement Type: N/A (Partially finished), N/A
- Heating Type: Natural gas
- Cooling: None
- Exterior Type: Brick
- Foundation Type: Unknown
- Appliances Included: Water Heater, Water meter, Dryer, Stove, Washer, Refrigerator
- Carpet Free
- In-Law Suite
Listing Office: RE/MAX REALTY SPECIALISTS INC.
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