261 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G1
$2,299,000
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*. *6.13% 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. (id:47351)
Property Details
| MLS® Number | C8422740 |
| Property Type | Retail |
| Community Name | Cabbagetown-South St. James Town |
| AmenitiesNearBy | Highway, Public Transit |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 3387 Sqft |
| SizeInterior | 3387 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 128 Ft ,10 In |
| SizeFrontage | 19 Ft ,8 In |
| SizeIrregular | Bldg=19.69 X 128.9 Ft |
| SizeTotalText | Bldg=19.69 X 128.9 Ft |
| ZoningDescription | Multi-use (2 Commercial / 2 Residential) |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 08 2024 06:32:17
Toronto Real Estate Board
Royal LePage Estate Realty