$4,295,000

Turn-key mixed-use investment opportunity in prime downtown Toronto (1 Commercial + 5 Residential). Fully renovated building featuring a large main-floor commercial unit with full basement plus 5 high-end residential apartments above. Situated on a high-exposure corner lot offering excellent street presence. With over 7,000 sq ft of leased space with three on-site parking spaces, this a low-maintenance, cash flowing asset ideal for investors seeking a stable mixed-use property in a highly desirable urban location. Simply acquire and enjoy this fully upgraded, income-producing building. Contact us today for the full listing package! The seller is willing to provide a 75% Vendor Take Back (VTB) mortgage at 6.89% fully open for 2 years to qualified buyers. (id:64343)

Property Details

MLS® Number	40817959
Property Type	Multi-family
Amenities Near By	Public Transit
Community Features	School Bus
Features	Paved Driveway
Parking Space Total	3

Building

Bathroom Total	8
Bedrooms Total	11
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding, Metal
Foundation Type	Poured Concrete
Heating Fuel	Electric
Stories Total	3
Size Interior	8,075 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Municipal Sewage System
Size Depth	11490 Ft
Size Frontage	18 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Cr2(c1;r2*1573)

https://www.realtor.ca/real-estate/29572488/1415-e-gerrard-street-e-toronto