$1,998,000Asking Price
1659 Gerrard Street E, Toronto, ON M4L 2A9
Woodbine Corridor, 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.
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.
See MoreKey Info
- 2-Storey Detached
- 5-Car Driveway
- No Garage
- Gerrard St E and Coxwell
- 2000-2500 Approximate Sq Feet
- 8 Kitchens
- Water Gas Heating
- No A/C
Property
- Lot Size 25 x 110 Feet
- Brick Exterior
- Taxes were $6,794 in 2026
- Possession: TBD
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #E13689622
- RE/MAX REALTY SPECIALISTS INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 8 4-Piece Bathrooms | |||
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Who lives here?
Woodbine Corridor, Toronto is a central Toronto neighbourhood notable for its university grads, executives and education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of babies, kids aged 5 to 14 and adults aged 35 to 64.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
46%
of residents are
single and loving it.
46% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
42%
of residents
are renters.
42% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
52%
of residents are
university grads.
52% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$127K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 14% |
| Sales | 12% |
| Business | 11% |
| Management | 10% |
| Culture | 8% |
Immigrants
24%
of residents were
born outside of Canada.
24% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.0% from China
All-time
Birthplace - Recent
0.4% from UK
Recent
Foreign Languages
Foreign Languages
| Cantonese | 3% |
| French | 3% |
| Spanish | 1% |
| Greek | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 50% |
| Muslim | 4% |
| Jewish | 2% |
| Buddhist | 2% |
| Hindu | 2% |
Social Housing
Social Housing Buildings
7
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
