$1,799,900
Available - For Sale
Listing ID: C13152164
210 Gerrard Street East , Toronto, M5A 2E6, Toronto
| 5.8% cap rate! Cabbagetown Heritage zone. Rare opportunity to acquire a fully gutted and renovated, turnkey four-unitinvestment property in the heart of downtown Toronto, offering a strong 5.8% cap rate andexceptional attention to detail throughout. Extensively upgraded while preserving thebuilding's historic character. Upgrades include custom Ohio-made heritage brickwork (2023) matched to the original 1890 brick dimensions, newer peak roof shingles (2024), updated ABS drain systems with backflow prevention (2022), an interior weeping tile system (2022), and enhanced exterior stormwater drainage infrastructure (2022), new eaves (2023).The property features four fully gutted and renovated (2022/2025/2026) self-contained furnished apartments with separate entrances, modern finishes, programmable touchpad entry systems, centralized internet/network infrastructure, security cameras, a Doorbird smart entry system, forced air gas heating and A/C, and legal fire safety systems approved by certified installers. Units include a mix of private decks, BBQ areas, skylights, heated flooring (Apt 2 - bedroom only), a gas fireplace, in-suite laundry, and updated kitchens and baths. Currently configured as: 2 x two-bedroom units 1 x one-bedroom unit 1 x two-level owner's suite. Ideal for investors seeking stable income, furnished rental potential, multi-generational living, or short/mid-term rental opportunities (buyer to verify use). One rear parking space included. Offered substantially furnished with only limited exclusions. One unit (owner occupied) will be vacant on closing. Property listed as Heritage. |
| Price | $1,799,900 |
| Taxes: | $6628.42 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 210 Gerrard Street East , Toronto, M5A 2E6, Toronto |
| Postal Code: | M5A 2E6 |
| Province/State: | Toronto |
| Legal Description: | PT LT 3 PL D11 TORONTO AS IN CT931168; C |
| Directions/Cross Streets: | Gerrard St E & Seaton St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | F |
| Total Area: | 1593.06 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Subways |
| Approximatly Age: | 100+ |
| Financial Statement: | F |
| Sprinklers: | No |
| Washrooms: | 4 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| HARVEY KALLES REAL ESTATE LTD. |
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Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Approximate Age: | 100+ |
| Tax: | $6,628.42 |
| Baths: | 4 |
| Fireplace: | N |
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