Space
Finished area and layout
- Building Area
- 2,551 sqft
- Bedrooms
- 10
- Bathrooms
- 5
+47 more
10
Bedrooms
5
Bathrooms
2,551 sqft
Building Area
0
Parking
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
- Ownership
- Freehold
Lot
About This Property
This 10-bedroom, 5-bathroom investment in Toronto offers 2,551 sqft of building area. The property has zoned Commercial. The home features no.
MLS 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.
Full Listing Details
Address294 Gerrard Street E, Toronto, ON M5A 2G4
MLS#C13136426
Listing StatusNew
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateMay 15, 2026
Days on Market163
Common InterestFreehold
Annual Tax$7,948 (2025)
Parking0
Possession DetailsTBA
StyleMixed Use
Bedrooms10
Bathrooms5
Bedrooms Above Grade8
Bedrooms Below Grade2
Square Feet2,000-2,500 sqft
Kitchens4
CityToronto
ProvinceOn
Postal CodeM5A 2G4
Lot Size2,551 sqft
ZoningCommercial
Total Parking0
CoolingNo
UtilitiesYes
SewerSanitary
Annual Tax$7,948 (2025)
Business TypeApts - 6 To 12 Units
Parliament St & Gerrard St E
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