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C5404026
$3,120,000

259 Gerrard St E (Gerrard/Parliament)

Price: $3,120,000

Status: For Sale 

MLS®#: C5404026

$3,120,000
  • Tax: $11,358.73/Annual (2021)
  • Maintenance:$1,200
  • Community:Cabbagetown-South St. James Town
  • City:Toronto
  • Type:Commercial
  • Style:Investment
  • Size: 5,300 Sq Ft
  • Basement:Y
  • Garage:Outside/Surface
  • Age:0-5 Years Old

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsSanitary, Municipal

Listing Contracted With: SUTTON GROUP-ADMIRAL REALTY INC., BROKERAGE

Description

Unique Investment Opportunity In Downtown Toronto, Newly Build From Scratch 3 Story Apartment Townhome, 5 Independent Units + Office Space, Totaling About 5300Sq.F, Great Cash Flow With Minimum Effort. 2 Legal Parking Spots. All Units Are Occupied Except One(For Showing). All Tenants Pay For Gas And Hydro. Building Has Central Fire/Smoke Alarm. Every Unit Has Forced Air Heating & A/C. Every Unit With Own Washer & Dryer.Great Investment For You To Take Over.


Highlights

Gross Rent- 142'680, Net- 125'481. S/S Fridge-5, S/S Gas & El Stoves-5, Microwave/Hood-5, Washer-5, Dryer-5. Kitchen Islands. Window Blinds, 2 Parking Spots. 3 Hot Water Tanks(Owned).Bsmt Unit With Radiant Heating. Ceilings 9'-10'-10'-9'

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The Al Sinclair Team

Sales Representatives

RE/MAX Hallmark Realty Ltd.