210 Gerrard Street E Toronto, Ontario M5A 2E6

$1,799,900

5.8% cap rate! Cabbagetown Heritage zone. Rare opportunity to acquire a fully gutted and renovated, turnkey four-unitinvestment property in the heart of downtown Toronto, offering a strong 5.8% cap rate andexceptional attention to detail throughout. Extensively upgraded while preserving thebuilding's historic character. Upgrades include custom Ohio-made heritage brickwork (2023) matched to the original 1890 brick dimensions, newer peak roof shingles (2024), updated ABS drain systems with backflow prevention (2022), an interior weeping tile system (2022), and enhanced exterior stormwater drainage infrastructure (2022), new eaves (2023).The property features four fully gutted and renovated (2022/2025/2026) self-contained furnished apartments with separate entrances, modern finishes, programmable touchpad entry systems, centralized internet/network infrastructure, security cameras, a Doorbird smart entry system, forced air gas heating and A/C, and legal fire safety systems approved by certified installers. Units include a mix of private decks, BBQ areas, skylights, heated flooring (Apt 2 - bedroom only), a gas fireplace, in-suite laundry, and updated kitchens and baths. Currently configured as: 2 x two-bedroom units 1 x one-bedroom unit 1 x two-level owner's suite. Ideal for investors seeking stable income, furnished rental potential, multi-generational living, or short/mid-term rental opportunities (buyer to verify use). One rear parking space included. Offered substantially furnished with only limited exclusions. One unit (owner occupied) will be vacant on closing. Property listed as Heritage. (id:55460)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	C13152164
Property Type	Multi-family
Community Name	Moss Park
Amenities Near By	Public Transit
Equipment Type	Water Heater
Parking Space Total	1
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Age	100+ Years
Appliances	Dishwasher, Dryer, Washer
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	1,593 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	120 Ft
Size Frontage	13 Ft ,6 In
Size Irregular	13.5 X 120 Ft
Size Total Text	13.5 X 120 Ft
Zoning Description	Cr1.5(c1;r1*1906)

https://www.realtor.ca/real-estate/29779922/210-gerrard-street-e-toronto-moss-park-moss-park