$2,488,000
Available - For Sale
Listing ID: C8422740
261 Gerrard St East , Toronto, M5A 2G1, Ontario
| Excellent investment a short distance to Downtown, highways, and walkable neighbourhood. Beautiful historic yellow-brick Cabbagetown Victorian building, fully renovated and updated. Bright offices and apartments. Busy, thriving commercial neighbours. Well-maintained open-concept commercial space on the main floor. Two huge 1-bedroom apartments on top two floors. Can be converted as desired. 2-3 Car parking and rear lane access. *Vacant possession on request*. *5.6% Stabilized Cap Rate.* |
| Extras: Rentable, full-height, finished basement with separate entrance, washroom, and open-concept meeting area. This adds 1457 square feet to the rentable area. Current basement commercial tenant willing to stay. |
| Price | $2,488,000 |
| Taxes: | $4855.00 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 261 Gerrard St East , Toronto, M5A 2G1, Ontario |
| Postal Code: | M5A 2G1 |
| Province/State: | Ontario |
| Legal Description: | PART OF LOT 40, IN BLOCK A, PLAN D138, D |
| Lot Size: | 19.69 x 128.90 (Feet) |
| Directions/Cross Streets: | Gerrard At Berkeley |
| Category: | Multi-Use |
| Building Percentage: | N |
| Total Area: | 3387.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 40 |
| Office/Appartment Area Code: | % |
| Retail Area: | 0 |
| Retail Area Code: | % |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 100+ |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Part |
| Elevator Lift: | None |
| Water: | Municipal |
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| ROYAL LEPAGE ESTATE REALTY |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Lot Size: | 19.69 x 128.90(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,855 |
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