Address
1659 Gerrard Street E, Toronto (Woodbine Corridor), ON
Price
$ 1,998,000

Your Agent

Sandra Crawford

Sales Representative

437-800-2505


Listing provided by Sandra Crawford, Sales Representative, REMAX Crossroads Realty Inc. Milner

Property Attributes
  • ID#E13689622
  • TypeSingle Family
  • Listing Status Active
  • MunicipalityToronto (Woodbine Corridor)
  • CityToronto (Woodbine Corridor)
  • AreaWoodbine Corridor
  • NeighbourhoodWoodbine Corridor
  • Postal CodeM4L 2A9
  • Style
  • Price$ 1,998,000
  • Bedrooms8
  • Bathrooms8
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Features Carpet Free, In-Law Suite
Property Type Single Family
CommunityName Woodbine Corridor
Building Appliances Water Heater, Water meter, Dryer, Stove, Washer, Refrigerator
Building Basement Features Separate entrance
Building Cooling Type None
Location Description Cross Streets: Gerrard St E and Coxwell. ** Directions: North on Coxwell Ave, Turn right onto Gerrard St E.
Parking Space Total 5
Foundation Type Unknown
Building Type House
Ownership Type Freehold
Building.StoriesTotal 2

Interior Features

Building Fireplace Present False
Building Heating Fuel Natural gas
Basement Development Partially finished
Basement Type N/A (Partially finished), N/A
Construction Style Attachment Detached
Living Area Range 2000
Bedrooms 8

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 Single Family Average in M4L 2A9

Price
AVG $2M
$2M

Your Agent

Sandra Crawford

Sales Representative

437-800-2505


Listing provided by Sandra Crawford, Sales Representative, REMAX Crossroads Realty Inc. Milner

Listed By
RE/MAX REALTY SPECIALISTS INC.