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Active
205 Gerrard ST E Toronto C08, ON M5A 2E7
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto C08
Subdivision Moss Park
MLS Listing ID C12930348
Annual Tax Amount $12,764
Tax Year 2025
Property Sub-Type Investment
Property Description
PRIME CABBAGETOWN INVESTMENT OPPORTUNITY - 9-SUITE RESIDENTIAL BUILDING Well-maintained 9-suite apartment building located at Gerrard St E and Sherbourne in strategic downtown location. Features 4 studios, 4 one-bed, 1 two-bed suites and 2 surface parking spaces. Separate metering for gas and hydro and Independent HVAC systems per suite. The building has shared laundry facilities with card system. Neighbourhood features cafes, boutique shops, and active cultural scene that gives it a distinctly hip character within Toronto's core. ATTRACTIVE ASSUMABLE FINANCING: Currently financed with assumable CMHC insured first mortgage at well below current market interest rate with an attractive loan to value. Terms of existing mortgage: Outstanding Balance (March 2026): $2,180,812 | Interest Rate: 2.67% | Monthly Payments: $8,197 | Maturity: September 1, 2029
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Zoning CR1.5
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 28.5
Lot Depth 106.0
Others
ParcelsYN No
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.