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1659 Gerrard Street E, Toronto, ON M4L 2A9

Toronto E02, ON, M4L 2A9 · Woodbine Corridor

8 Baths
Sq Ft
5 Parking
Investment Type
E13689614 MLS#

About this property

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-maintenancefeatures 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 straight forward opportunity to add a well-located, income-producing asset to your portfolio.

Features & Amenities

  • Garage: None
  • Cooling: No
  • Heat Type: Gas Hot Water

Property Details

Property Type Commercial
Property Sub-Type Investment
Bathrooms 8
Garage None
Parking Spaces 5
Heat Type Gas Hot Water
Cooling No
Annual Tax $6,794
Tax Year 2025

Building & Construction

Building Area Total
3426

Heating & Cooling

Heat Type
Gas Hot Water
Cooling
No

Parking & Garage

Garage Type
None
Parking Spaces
5

Lot & Land

Lot Size Units
Feet
Lot Depth
110.00
Lot Width
25.00

Financial & Tax

Tax Annual Amount
$6,794
Tax Year
2025
Possession Type
Flexible
Possession Details
tbd

Utilities & Services

Utilities
Yes

Additional Details

Occupant Type
Tenant
County Or Parish
Toronto
Cross Street
Gerrard St E and Coxwell
Directions
North on Coxwell Ave, Turn rightonto Gerrard St E.
Showing Requirements
Lockbox

Location

1659 Gerrard Street E, Toronto, ON M4L 2A9, Toronto E02, ON, M4L 2A9

Listing courtesy of RE/MAX REALTY SPECIALISTS INC.
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