




8 Beds
8 Baths
$1,998,000
1659 Gerrard Street E, Toronto, Toronto E02 ON, M4L 2A9
Property typeResidential
Overview
Active
New
Listed Aug 18, 2026
Updated Aug 20
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.
Additional information
- MLS® ID
- E13689622
Interior Features
- Bedrooms
- 8
- Bathrooms
- 8
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $6,794
- Tax Frequency
- Annually
Courtesy of Listed by , RE/MAX REALTY SPECIALISTS INC.,
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Data last updated 2:44 AM UTC, 8/20/2026