$2,999,900Asking Price
294 Gerrard Street E, Toronto C08, ON M5A 2G4
Cabbagetown, Toronto
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
See MoreKey Info
- 2-Storey Multiplex
- No Parking
- No Garage
- Parliament St & Gerrard St E
- 2000-2500 Approximate Sq Feet
- No Ensuite Laundry
- Forced Air Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $7,948 in 2025
- Possession: TBA
Details
- Brick Exterior
- No Fireplace
- 4 Kitchens
- MLS #C13136412
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Cabbagetown, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of adults aged 35 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
0.7
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
56%
of residents are
single and loving it.
56% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
59%
of residents
are renters.
59% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
59%
of residents are
university grads.
59% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$151K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Government | 13% |
| Business | 11% |
| Management | 10% |
| Culture | 9% |
Immigrants
34%
of residents were
born outside of Canada.
34% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.0% from Philippines
All-time
Birthplace - Recent
0.5% from Philippines
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Tagalog | 3% |
| Spanish | 2% |
| Cantonese | 2% |
| Mandarin | 1% |
Religions
Religions
| Christian | 47% |
| Buddhist | 3% |
| Jewish | 3% |
| Muslim | 3% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
32
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
