$5,795,000
Available - For Sale
Listing ID: E12103930
1395 Gerrard Stre East , Toronto, M4L 1Z3, Toronto
| 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. |
| Price | $5,795,000 |
| Taxes: | $23858.16 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 1395 Gerrard Stre East , Toronto, M4L 1Z3, Toronto |
| Postal Code: | M4L 1Z3 |
| Province/State: | Toronto |
| Legal Description: | LT 11 PL 1357 TORONTO; CITY OF TORONTO |
| Directions/Cross Streets: | Gerrard St E & Greenwood |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | F |
| Total Area: | 11000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS ADVANTAGE REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto E01 |
| Neighbourhood: | Greenwood-Coxwell |
| Tax: | $23,858.16 |
| Fireplace: | N |
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