1659 Gerrard St E, Toronto, Ontario

House for Sale in Toronto

1659 Gerrard St E, Toronto, ON

  • CA$1,998,000
  • 8 BEDS
  • 8 BATHS
  • CA$1,998,000

House for Sale in Toronto

1659 Gerrard St E, Toronto, ON

  • CA$1,998,000
  • 8 BEDS
  • 8 BATHS
  • CA$1,998,000

Key Facts

  • MLS® #: E13689622
  • Property ID: SIRC3566409
  • Property Type: Residential, Detached
  • Living Area¹: 2000-2500 sq.ft.
  • Lot Size¹: 25x110 ft.
  • Bedrooms: 8
  • Bathrooms: 8
  • Parking Spaces: 5
  • Listed By:
  • RE/MAX REALTY SPECIALISTS INC.

Property Description

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.

Listing Agents

RE/MAX REALTY SPECIALISTS INC.

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Location

1659 Gerrard St E, Toronto, Ontario, M4L 2A9 Canada

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