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1448 Gerrard St E 2,480 SF 100% Leased Retail Building Toronto, ON M4L 1Z8 $985,013 USD ($397.18 USD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Easily accessible.
EXECUTIVE SUMMARY
Incredible Opportunity To Own a Beautifully Renovated, Turn-key, Worry-Free Investment Property In A Developing And Revitalized Location In The Heart Of Little India Bazaar at Coxwell And Gerrard! This 2,480 Sq Ft (Incl. Bsmt) Mixed Use Property Features 3 Fully Renovated, Self-Contained Residential Units And A Large Renovated Commercial Space (Retail Clothing Store) On Main Floor. Going-in Cap Rate approx. 7.0%!! Excellent Transit, Walkable Neighbourhood Scores. TTC At Doorstep. Montessori School, Public Schools and Parks Nearby! **EXTRAS** All Existing Appliances In Apartments, Fridges, Stoves,Washer/Dryers, Light Fixtures, Wall Mounted Mitsubishi HVAC Systems
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,480 SF
Building Class
C
Year Built
1914
Price
$985,013 USD
Price Per SF
$397.18 USD
Cap Rate
7%
NOI
$68,951 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.03 AC
Zoning
CR2
Parking
1 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
16’ on Gerrard St
AMENITIES
- Smoke Detector
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
1 of 3
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1448 Gerrard St E
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