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Key Facts
Key facts for 256 Gerrard St E
Property Type
Apartment, 3-Storey
Parking
None 0 garage, 2 parking
MLS #
C6173856
Size
3500-5000 sqft
Basement
Apartment
Listed on
2023-06-19
Lot size
15 x 132.65
Tax
$6,910.56 /yr
Days on Market
775
Approximate Age
-
Maintenance Fee
-
Description
Four Dwelling Units, Fully Tenanted, $110K Net Income, 5% Cap Rate W/ Massive Upside In Increasing Rents To Market. Laneway Suite Potential At Rear W/ Ability To Add 4 New Units Making This An 8-Plex. Traditional Cabbagetown. Extraordinarily Well-Maintained. Over 700K Spent On Renovations Since Owne...d. Main Lvl 3 Beds, 2nd Lvl 4 Beds, 3rd Lvl 1 Bedroom & Balcony, Basement 3 Beds. Rear Access Through Laneway For Dual Vehicle Parking. All Units Equipped With Hydronic High-Efficiency Heated Floors. Fantastic Tenants. Windows 2018, Plumbing 2008, Flat Roof 2016. **** Extras **** All Existing Appliances Including; 4 Fridges, 4 Stoves, 4 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tank Rental. All Elfs & Window Coverings.
