261 GERRARD STREET E, Toronto, Ontario, M5A 2G1

$2,488,000

MLS® # C8422740

Commercial For Sale In Cabbagetown South, Toronto, Ontario

$2,488,000

Property Information:

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:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Retail
  • Amenities Nearby: Highway, Public Transit
  • Irregular: Yes
  • Lot Depth: 128.8 Feet
  • Lot Frontage: 19.7 Feet
  • Lot Size: Bldg=19.69 x 128.9 FT
  • Zoning: Multi-Use (2 Commercial / 2 residential)

Courtesy of: Royal LePage Estate Realty

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