294 Gerrard Street E, Toronto C08, ON M5A 2G4, Toronto C08, ON
Bed 10
Bath 5
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
Property Highlights
For Sale
MLS NO.
C13136412
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
10
Bathrooms
5
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C13136412
Living Area Range
2000-2500
Total Bedrooms
10
Bedrooms Above Grade
8
Bedrooms Below Grade
2
Total Bathrooms
5
Total Kitchens
4
Kitchens Above Grade
4
Rooms Above Grade
17
Rooms Below Grade
6
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Flat
Lot Width
19.25
Lot Size
2551.0
Lot Size Units
SquareFeet
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
294 Gerrard Street E, Toronto C08, ON M5A 2G4
City
Toronto C08
Neighbourhood
Moss Park
County / Region
Toronto
Province / State
ON
Postal Code
M5A 2G4
Cross Street
Parliament St & Gerrard St E
Directions
Parliament St & Gerrard St E
Country
CA
List Price
$2,999,900
Annual Taxes
$7,948
Tax Year
2025
Legal Description
LT B PL D292 TORONTO; CITY OF TORONTO
Possession Type
Other
Possession Details
TBA
Listing Office
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-15T19:50:35Z
Media Updated
2026-05-19T18:14:39Z
Photos Updated
2026-05-19T18:14:39Z
Last Modified
2026-05-15T19:50:35Z
System Modified
2026-05-19T18:14:40.416627Z
MLS Status
New
Architectural Style
2-Storey
Basement
Apartment
Co List Office Name
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Ddfyn
No
Expiration Date
2026-11-30
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210880246
Parking Spaces
0
Property Features
Public Transit, Park, School, Place Of Worship
Public Remarks
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
