256 Gerrard St E
Listing History
Property Highlights
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
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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.
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List vs Selling Price
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Sales Trends in Cabbagetown
House Type | Detached | Semi-Detached | Row Townhouse |
---|---|---|---|
Avg. Sales Availability | 43 Days | 18 Days | 16 Days |
Sales Price Range | $1,599,000 - $2,900,000 | $931,000 - $2,599,000 | $707,000 - $1,950,000 |
Avg. Rental Availability | 19 Days | 30 Days | 18 Days |
Rental Price Range | $950 - $8,000 | $1,800 - $5,500 | $1,800 - $7,000 |