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Tony & Ledi Real Estate Team

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Est. payment | -/mo

22 Beds

16 Baths

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Est. payment | -/mo

Save

22 Beds

16 Baths

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 22

Annual Tax Amount $24,891

Tax Year 2025

Property Sub-Type Multiplex

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.

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Zoning CR 2.0 (c1.0; r2.0) SS2 (x1573)

Rooms

Family Room No

Basement Finished

Kitchen 20

Separate Den/Office 1

Interior

Interior Features None

Cooling Other

Inclusions All chattels and fixtures not belonging to the tenants. All unit appliances included. 2012 water heating with 2 new wall hung boilers and related equipment. Parking capability for 5 cars (permits to be obtained if possible) on sidewalk, parking for 2 cars inside gate.

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

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by KELLER WILLIAMS PORTFOLIO REALTY

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1395 Gerrard ST E Toronto E01, ON M4L 1Z3