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    256 Gerrard St E

    Cabbagetown, Downtown, Toronto
    For Sale
    $2,188,000
    9 Beds + 2
    5 Bath
    2 Parking
    17 x 132 FT
    101 Days on Strata
    Est Sell Timeframe
    21 Days

    Listing History

    Property Highlights

    Property Size:
    No Data
    Driveway:
    Available
    Basement:
    Other
    Garage:
    None
    Taxes:
    $7,536 (2023)
    Fireplace:
    No
    Possession Date:
    April 17, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Property Details

    Type
    Multiplex
    Exterior
    Other
    Style
    Other
    Central Vacuum
    No Data
    Basement
    Other
    Age
    Built

    Utility Type

    Air Conditioning
    None
    Heat Source
    Gas
    Heating
    Forced Air

    Land

    Fronting On
    No Data
    Lot Frontage & Depth (FT)
    17 x 132
    Lot Total (SQFT)
    2,308
    Pool
    None
    Intersecting Streets
    Sherbourne St & Gerrard St E

    Room Dimensions

    Room dimensions are not available for this listing.

    About 256 Gerrard St E

    Investor Alert! Prime Downtown Investment (Motivated Seller)! 5.70% Cap & Fully Leased (Income Property)4 well-maintained units with growth potential (Main = $3,800; 2nd = $4,400; Top = $1,800). Steps to amenities and transit. Lane access for 2-car parking + potential income. Potential to add 3 extra units (Buyer to verify)! Bonus! Potential to develop a 5th unit and laneway house (buyer to verify). This is a flexible property with upside potential. Perfect for an investor looking for a rental income property that requires TLC (handyman special). Don't miss out on this as-is opportunity!

    Extras4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.

    citibloc realtyMLS® #C8391514

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Cabbagetown Trends

    Days on Strata

    Houses spend an average of
    26
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, houses sell for
    1%
    below
    the list price

    Offer Competition

    Houses in Cabbagetown have an
    AVERAGE
    Chance of receiving
    Multiple Offers
    compared to other neighbourhoods

    Sales Volume

    Cabbagetown has the
    2nd
    Highest number of sales transactions among 18 neighbourhoods in the Downtown area

    Property Value

    -22%
    Decrease in property values within the past twelve months

    Price Ranking

    10th
    Highest average house price out of 18 neighbourhoods in the Downtown area

    Sold Houses

    51
    Houses were sold over the past twelve months

    Rented Houses

    137
    Houses were rented over the past twelve months

    Sales Trends in Cabbagetown

    House TypeDetachedSemi-DetachedRow Townhouse
    Avg. Sales Availability43 Days18 Days16 Days
    Sales Price Range$1,599,000 - $2,900,000$931,000 - $2,599,000$707,000 - $1,950,000
    Avg. Rental Availability19 Days30 Days18 Days
    Rental Price Range$950 - $8,000$1,800 - $5,500$1,800 - $7,000