47
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$1,998,000
Est. payment /mo
8 Beds
8 Baths
Active
1659 Gerrard ST E Toronto, ON M4L 2A9
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto E02
Subdivision Woodbine Corridor
MLS Listing ID E13689622
Style 2-Storey
Bedrooms 8
Annual Tax Amount $6,794
Tax Year 2026
Property Sub-Type Detached
Property Description
A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets, entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenance features that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full, offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools - a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straightforward opportunity to add a well-located, income-producing asset to your portfolio.
Location
Province ON
County Toronto
Community Toronto E02
Area Toronto
Rooms
Family Room No
Basement Partially Finished, Separate Entrance
Kitchen 8
Interior
Interior Features Water Heater Owned, Water Meter, In-Law Suite, Floor Drain, Carpet Free, Accessory Apartment
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 110.0
Total Parking Spaces 5
Building
Foundation Unknown
Others
ParcelsYN No
Listed by RE/MAX REALTY SPECIALISTS INC.
Nearby Locations
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