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261 Gerrard Street E Toronto, Ontario M5A 2G1

3387 sqft
Partially Air Conditioned Forced Air

$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:21328)

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

https://www.realtor.ca/real-estate/27017440/261-gerrard-street-e-toronto-cabbagetown-south-st-james-town

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