1659 Gerrard Street E Toronto, Ontario M4L 2A9
$1,998,000
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. (id:55460)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | E13689614 |
| Property Type | Multi-family |
| Community Name | Woodbine Corridor |
| Parking Space Total | 5 |
Building
| Bathroom Total | 8 |
| Appliances | Dryer, Washer |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 3426 Sqft |
| Size Interior | 3,426 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Depth | 110 Ft |
| Size Frontage | 25 Ft |
| Size Irregular | 3426 |
| Size Total | 3426 Ac |
| Size Total Text | 3426 Ac |
| Zoning Description | R(d1*7) |
Broker
(905) 272-3434
4310 Sherwoodtowne Blvd 200a
Mississauga, Ontario L4Z 4C4
(905) 272-3434
(905) 272-3833
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August 18 2026 11:26:35
Toronto Regional Real Estate Board
RE/MAX Realty Specialists Inc.