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153 days on Market

1659 Gerrard St, Toronto, Ontario M4L 2A9

$1
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Detached
6 + 2
8
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$0/mo

Tax Amount (2023)$6,003/yr

Days On Market153 days


Description

Experience the freedom of managing your own tenants with this exceptional multi-unit residential property. This well-maintained building features six apartments across two floors, along with two one-bedroom apartments in the basement, each boasting ample natural light from their windows. The basement also houses a laundry room, generating additional income.The property includes designated parking, offering four regular spots and an additional one for tenants who wish to rent a space at $50 per month. The building has been meticulously cared for over the years, with recent updates to the windows, roof, and driveway ensuring a modern and clean living environment.All tenants are AAA+ rated, ensuring a stable and pleasant community. This corner lot not only provides a steady income but also promises appreciation in value. Embrace the rewarding experience of running this income-generating property and enjoy the benefits of owning a well-located, highly desirable multi-unit residence.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size2,750 SqFt(110 x 25)
Parking Spaces4
MLS ®NumberE8469026
Community NameThe Beaches
Data SourceTRREB

Features

Heating: Water
Basement: Part Fin, Sep Entrance

Features

Lot size: 2,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Now
ListedFor Salefor$1Active
153 days on market
Listing by trreb®
history photo preview16
Jul 13, 2021
ListedFor Salefor$1,999,998Expired
Stayed 60 days on market
Listing by trreb®
history photo preview27
Apr 19, 2021
ListedFor Salefor$1,890,000Terminated
Stayed 10 days on market
Listing by trreb®
history photo preview30
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Property listed by RIGHT AT HOME REALTY, Brokerage

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Market DataFor the past 30 days in The Beaches

Median Selling Price

$1,883,000

47.65% more than GTA:

$1,275,000

Median Bidding

Underbidding - Trending to buyer market

-$39,000

GTA median: -$25,000

Median Number of Sales

48 sales

2799 sales less than GTA:

2847 sales

Median Number of Days on Market

10 days

11 days less than GTA:

21 days

Want more insights?Visit the Market Pulse


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