1659 Gerrard Street E, Toronto
A rare eight-unit, income-generating multiplex on a corner lot in the Woodbine Corridor. This detached, 2-storey brick building holds six apartments across the main and second floors, plus two one-bedroom units in the basement, each with good natural light. Extensive recent capital work includes updated windows, roof, driveway, flooring, plumbing, radiators, ceiling fans, LED pot-lights throughout, kitchen cabinets, entrance doors, siding, and gutters. The building offers three separate entrances - front, back, and side - for added tenant privacy and easy access. Parking includes 5 owned spots in the backyard with right of way to the neighbouring property, plus a possible 6th parking as tandem. Laundry is on-site (coin-operated), with owned hot water tank, a water meter, floor drain, and carpet-free units throughout - low-maintenance features that matter to hands-on investors. Inclusions cover 8 fridges, 7 stoves, the washer/dryer, and 7 exhaust fans. Current tenancy is full, offering a stable rent roll from day one. Zoned Rd 1.0, on a 25 x 110 ft corner lot, and steps to the Beach, transit, a hospital, parks, and schools - a location that supports both tenant demand and long-term value. Seller open to a VTB. No retrofit warranty provided by seller. A straightforward opportunity to add a well-located, income-producing asset to your portfolio. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 1659 Gerrard Street E, Toronto
- Type
- Residential
- Bedrooms
- 8
- Bathrooms
- 8
- Lot Size
- 25 x 110 FT
- Stories
- 2
- Basement
- Partially finished, Separate entrance, N/A, N/A
- Parking
- No Garage
- Heating
- Natural gas
- Cooling
- None
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $6,794
Nearby Listings Stat
Estimated price and comparable properties near 1659 Gerrard Street E
Active Listings
1
Min Price
$1,998,000
Max Price
$1,998,000
Avg Price
$1,998,000
Days on Market
65
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Toronto, Ontario
Population
940
Median Age
37.6
Median Income
$34,560
Dwelling Value
$751,195
Housing Tenure
Owners 52%
Renters 47%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 6,155.9/km²
Avg Shelter Cost: $1,899/mo
Owners with Mortgage: 74.4%
Owners Spending 30%+: 26.3%
Tenants Spending 30%+: 38.2%
English only: 85.1%
English and French: 11.2%
Neither: 3.7%
Median Household Income: $77,440
Median Employment Income: $39,808
Price History
Listed
August 18, 2026
by RE/MAX REALTY SPECIALISTS INC.
Current Price
$1,998,000
Type
Residential
For Sale
