1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
1659 Gerrard ST E, Toronto E02, ON M4L 2A9
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Othen Group

+1(416) 486-8282
$1,998,000
Est. payment /mo
8 Beds
8 Baths
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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Municipality Toronto E02

Subdivision Woodbine Corridor

MLS Listing ID E13689622

Style 2-Storey

Bedrooms 8

Annual Tax Amount $6,794

Tax Year 2026

Property Sub-Type Detached

Property Description

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.

Location

Province ON

County Toronto

Community Toronto E02

Area Toronto

Rooms

Basement Partially Finished, Separate Entrance

Kitchen 8

Interior

Interior Features Water Heater Owned, Water Meter, In-Law Suite, Floor Drain, Carpet Free, Accessory Apartment

Cooling None

Inclusions 8 Fridges, 7 Stoves, Heavy duty coin operated washer and dryer, HWT owned, 7 exhaust fan, Boiler Rental.

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 5

Building

Foundation Unknown

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Lited by RE/MAX REALTY SPECIALISTS INC.

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1659 Gerrard ST E