1659 Gerrard Street E,Toronto E02, ON M4L 2A9
Toronto E02, ON M4L 2A9
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.
Details
| MLS # | E13689622 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 12 |
| Listing Provided By | RE/MAX REALTY SPECIALISTS INC. | E13689622 495313 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.06 |
Interior
| Interior Features | Water Heater Owned, Water Meter, In-Law Suite, Floor Drain, Carpet Free, Accessory Apartment |
|---|---|
| Lease To Own Equipment | Boiler |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6794.32 |
|---|---|
| Tax Legal Description | PT LT 3 PL 460E TORONTO AS IN CA721351, S/T CA721351; CITY OF TORONTO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E02 |
| Postal Code | M4L 2A9 |
| Area | Woodbine Corridor |
| Listing VS Median (in M4L 2A9) | |
Price: $1,998,000 low | high Med: $1,998,000 On site: 12 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E02 |
| Postal Code | M4L 2A9 |
| Area | Woodbine Corridor |
| Listing VS Median (in M4L 2A9) | |
Price: $1,998,000 low | high Med: $1,998,000 On site: 12 low | high Med: 12 | |