1395 Gerrard St E - Apartments FOR SALE


$5,795,000 CAD
416-864-3888
1395 Gerrard St E, Toronto, ON for Sale
$5,795,000 CAD
Apartments - FOR SALE
1/4
null | 5.35% Cap Rate


HIGHLIGHTS

  • Commercial tenant is secured until 2026
  • Self-managed with property management company
  • Tenants are mostly month-to-month
  • Tenant flexibility allows for the opportunity to update for higher rent

OVERVIEW

This property is an excellent investment opportunity! With 20 residential units and one commercial tenant secured until 2026, you've got a great mix of income stability and potential for value appreciation. A 5.35% cap rate offering a great net income and good returns - see attached Property Proforma for the details. Property is self managed (proforma shown with a property management company) for the most part and has a supervisor for maintenance and cleaning.. Mostly month-to-month tenants with three vacant 1-bedroom units which could be leased at market rates currently between $1700-$2300 per month. Also allows for possible renovations to attract a higher rent. The commercial tenant ensures reliable income until December 2026. Popular high demand area due to its walkability, transit access, and vibrant community This area is part of the Greenwood-Coxwell and Leslieville neighbourhoods, known for their vibrant and trendy atmosphere. The area boasts a Walk Score of 93, meaning daily errands can be done on foot. It also has excellent transit options with a Transit Score of 73, making commuting convenient. With a Bike Score of 79, biking is a great way to get around. The neighbourhood is packed with boutique shops, gourmet restaurants, and lively cafes, making it a hotspot for food lovers and shoppers. Residents enjoy easy access to parks and beaches, offering great outdoor spaces for relaxation and recreation. The area has a mix of historic charm and modern conveniences, making it a desirable place to live. Close to many schools in the area providing a mix of academic, technical, and arts-focused programs.

FOR SALE DETAILS

PRICE

$5,795,000 CAD

PRICE/SF

$527 CAD /SF

# OF UNITS

21

PRICE/UNIT

$275,952

CAP RATE

5.35%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,750 SF

ZONING

CR

APN/PARCEL ID

custom-4754794

ASK ABOUT THIS PROPERTY

Robert WongKeller Williams Portfolio Realty, BrokerageMore Info
416-864-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert WongKeller Williams Portfolio Realty, BrokerageMore Info
416-864-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.