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Address
1659 Gerrard Street E, Toronto, ON
Price
$ 1,998,000
Property Attributes
  • MLS#E13689622
  • TypeSingle Family
  • Listing Status New
  • CityToronto
  • AreaWoodbine Corridor
  • NeighbourhoodWoodbine Corridor
  • Postal CodeM4L 2A9
  • Style2-Storey
  • Taxes$ 6794
  • Price$ 1,998,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage2000-2500
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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.

Price History
8/18/2026 Listed $1,998,000

General Features

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Brick
Heater Type Water
Parking Spaces 5
Property Subtype Detached
Tax Year 2026
Lot Depth 110.0
County Toronto
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status New
City Toronto E02
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 6794.32
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 3 PL 460E TORONTO AS IN CA721351,S/T CA721351; CITY OF TORONTO

Interior Features

Interior Amenities Water Heater Owned,Water Meter,In-Law Suite,Floor Drain,Carpet Free,Accessory Apartment
Basement Partially Finished,Separate Entrance
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 8
Elevator? No
Total Baths 8
Bedrooms 8
Living Area Range 2000-2500

Exterior Features

Total Parking 5.0
Garage Type None
Foundation Details Unknown
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in M4L 2A9

Price
AVG $2M
$2M
Taxes
AVG $6,794
$6,794
Visits
AVG 141
129
Data Provided by Inside Real Estate®