PROPERTY DETAILS

1659 Gerrard Street E,

Toronto, Ontario M4L 2A9

$1,998,000
8
8
5

A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets, entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenance features that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full, offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools - a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straightforward opportunity to add a well-located, income-producing asset to your portfolio. (id:29237)

Property Details
MLS® Number E13689622
Property Type Single Family
Building Type House
Storeys 2
Community Name Woodbine Corridor
Title Freehold
Land Size 25 x 110 FT
Parking type No Garage
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Location
Building
Basement Development Partially finished
Basement Features Separate entrance
Basement Type N/A (Partially finished), N/A
Bathrooms (Total) 8
Bedrooms - Above Grade 8
Cooling None
Exterior Finish Brick
Heating Fuel Natural gas
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August 18 2026 11:26:35

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