261 Gerrard Street E Toronto, Ontario M5A 2G1
$2,488,000
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*. *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. (id:12178)
Property Details
| MLS® Number | C8422740 |
| Property Type | Retail |
| Community Name | Cabbagetown-South St. James Town |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 3387 Sqft |
| Size Interior | 3387 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Irregular | Bldg=19.69 X 128.9 Ft |
| Size Total Text | Bldg=19.69 X 128.9 Ft |
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June 10 2024 03:32:31
Toronto Real Estate Board
Royal LePage Estate Realty
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