Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# E13689614

1659 Gerrard Street E, Toronto, ON M4L 2A9

Toronto E02, ON M4L 2A9

$1,998,000 Est. $8,486/mo · 20% down, 25-yr, 4.09%
8Baths
25 × 110 ftLot
InvestmentType

About this property

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-maintenancefeatures 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 straight forward opportunity to add a well-located, income-producing asset to your portfolio.

Property Summary

Property TypeInvestment
Community NameWoodbine Corridor
Land Size25 x 110 ft
Annual Property Taxes$6,794.00
Tax Year2025
Parking TypeNone Garage

Building details

Bathrooms / washrooms8
Property typeInvestment

Lot & land

Lot dimensions25 × 110 ft
Lot frontage25 ft
Lot depth110 ft

Interior Features

Inclusions8 Fridges, 7 Stoves, Heavy duty coin operated washer and dryer, HWT owned, 7 exhaust fan, Boiler Rental.
ExclusionsAll items belonging to tenants.

Building Features

StyleInvestment

Heating & Cooling

CoolingNo
Heating TypeGas Hot Water

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$6,794 (2025)

Listing history

On market sinceAug 18, 2026

Location

Toronto E02, ON M4L 2A9
Listed by RE/MAX REALTY SPECIALISTS INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
1659 Gerrard Street E, Toronto, ON M4L 2A9