1659 Gerrard St E Toronto near Gerrard St E and Coxwell | Detached home for sale

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.

Features

Facing: South
Bedrooms: 8
Bathrooms: 8
Garages:
Kitchens: 8

Details

Lot size: 25.00 x 110.00 Feet
Space: 2000-2500
Tax: $ 6794.32
E13689622
Listing contracted with: RE/MAX REALTY SPECIALISTS INC.

Bathroom	Pieces	Level
8xBaths	4 pcs

Property Summary

Located close to the intersection of Gerrard St E and Coxwell, 1659 Gerrard St E is a 8 bedrooms 8 washrooms Detached. The property basement is Partially Fi Separate Ent. The property has many nice features including Accessory Apartment, Carpet Free, Floor Drain, In-Law Suite, Water Meter and Water Heater Owned. .

Home Market Analysis

For Sale

For Lease

Comparable home values have remained relatively stable compared with the same period last year.

Rent levels have increased 65.2% compared with the same period last year.

Need a More Precise Value?

Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.

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Recent 6-Month Rent Range

$2,200 – $4,250/month

How This Home Compares

Market Temperature

Seller's Market

Strong SellerSellerBalancedBuyerStrong Buyer

Inventory conditions currently favour sellers of similar homes.

Typical Selling Time

8 Days

Similar homes are selling in about 8 days, broadly in line with last year.

Price Position

Need a More Precise Value?

Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.

Contact Alan

Local Area Profile

This property is located in an area with a mix of homeowners and renters with a mix of detached homes and apartments and condominiums. Approximately 54% of residents hold a bachelor's degree or higher, while about 17% have a college credential. Public transit is commonly used by local commuters, alongside driving.