1935 Gerrard Street E Toronto, Ontario M4L 2C2

$1,099,000

Fantastic investment available for the first time in 40+ years. Main level boasts a turnkey coin laundry business with an established customer base and steady income. Includes: 17 washers, 16 dryers, 2 change machines, and 2 soap dispensers. Basement office/storage space and 3 piece bath. All coin laundry mechanicals owned. Upper level contains 2 one bedroom apartments, currently tenanted. Apartments are separately metered, tenant pays own utilities. 2 private parking spaces accessible through rear laneway. Steps to transit and shopping. Owner to install 2 brand new boilers (25K value), brand new roof installed in 2021, current site manager handles daily business operations and is willing to stay. Great opportunity for anyone seeking an investment to provide passive income. Offers Anytime! (id:55460)

Property Details

MLS® Number	E12944150
Property Type	Retail
Community Name	Woodbine Corridor
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Appliances	Dryer, Washer
Cooling Type	Partially Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Size Interior	1,850 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	97 Ft
Size Frontage	20 Ft ,4 In
Size Irregular	20.41 X 97 Ft
Size Total Text	20.41 X 97 Ft
Zoning Description	Cr2(c0.5;r2)*1722)

https://www.realtor.ca/real-estate/29543098/1935-gerrard-street-e-toronto-woodbine-corridor-woodbine-corridor