261 Gerrard Street E Toronto (Cabbagetown-South St. James Town), Ontario M5A 2G1
$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:50886)
Property Details
| MLS® Number | C8422740 |
| Property Type | Retail |
| Community Name | Cabbagetown-South St. James Town |
| AmenitiesNearBy | Highway, Public Transit |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 3387 Sqft |
| SizeInterior | 3387 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 128 Ft ,10 In |
| SizeFrontage | 19 Ft ,8 In |
| SizeIrregular | Bldg=19.69 X 128.9 Ft |
| SizeTotalText | Bldg=19.69 X 128.9 Ft |
| ZoningDescription | Multi-use (2 Commercial / 2 Residential) |
Interested?
Contact us for more information
Matt Wood
Salesperson
507 King St E
Toronto, Ontario M5A 1M3
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September 04 2024 12:03:06
Toronto Real Estate Board
Royal LePage Estate Realty