$2,188,000Asking Price
256 Gerrard St E
Cabbagetown, Toronto
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!
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!
See MoreKey Info
- Other Multiplex
- 2 Parking
- No Garage
- Sherbourne St & Gerrard St E
- Forced Air Gas Heating
- No A/C
Property
- Taxes were $7,536 in 2023
- Possession: TBA
Details
- No Fireplace
- 4 Kitchens
- Designation: Other
- MLS #C8391514
- CITIBLOC REALTY
Extras
- 4 Fridges, 4 Stoves, 3 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental.
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 5 1-Piece Bathrooms | |||
How Far is Too Far?
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Who lives here?
Cabbagetown, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of adults aged 35 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
0.7
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
56%
of residents are
single and loving it.
56% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
59%
of residents
are renters.
59% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
59%
of residents are
university grads.
59% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$151K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Government | 13% |
| Business | 11% |
| Management | 10% |
| Culture | 9% |
Immigrants
34%
of residents were
born outside of Canada.
34% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.0% from Philippines
All-time
Birthplace - Recent
0.5% from Philippines
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Tagalog | 3% |
| Spanish | 2% |
| Cantonese | 2% |
| Mandarin | 1% |
Religions
Religions
| Christian | 47% |
| Buddhist | 3% |
| Jewish | 3% |
| Muslim | 3% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
32
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
