Address
1395 Gerrard Street E, Toronto (Greenwood-Coxwell), ON
Price
$ 5,450,000
Property Attributes
- ID#E13214710
- TypeMulti-Family
- Listing Status Active
- MunicipalityToronto (Greenwood-Coxwell)
- CityToronto (Greenwood-Coxwell)
- AreaGreenwood-Coxwell
- NeighbourhoodGreenwood-Coxwell
- Postal CodeM4L 1Z3
- Style
- Price$ 5,450,000
- Bedrooms21+1
- Bathrooms16
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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 5.5%! 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 3 vacant units (2x1BR, 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. (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Zoning Description | CR 2.0 (c1.0; r2.0) SS2 (x1573) |
| CommunityName | Greenwood-Coxwell |
| Location Description | Cross Streets: Gerrard St E & Greenwood. ** Directions: W of Coxwell, S Side Gerrard. |
| Parking Space Total | 7 |
| Foundation Type | Unknown |
| Building Type | Other |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Other |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Living Area Range | 5000 |
| Bedrooms | 21+1 |
Exterior Features
| Sewer | Sanitary sewer |
|---|---|
| Exterior Finish | Brick |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in M4L 1Z3
Price
In The Neighbourhood
Toronto (Greenwood-Coxwell)
$ 2,100
- Type
- Multi-Family
- Rooms
- 1 Beds + 1 Baths
SUTTON GROUP REALTY SYSTEMS INC.
Toronto (Greenwood-Coxwell)
$ 1,350,000
- Type
- Multi-Family
- Rooms
- 4 Beds + 3 Baths
HC REALTY GROUP INC.
Toronto (Greenwood-Coxwell)
$ 1,850
- Type
- Multi-Family
- Rooms
- 1 Beds + 1 Baths
HOMELIFE NEW WORLD REALTY INC.
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating