Address
1659 Gerrard Street E, Toronto, ON
Price
$ 1,998,000
Property Attributes
- MLS#E13689622
- TypeSingle Family
- Listing Status New
- CityToronto
- AreaWoodbine Corridor
- NeighbourhoodWoodbine Corridor
- Postal CodeM4L 2A9
- Style2-Storey
- Taxes$ 6794
- Price$ 1,998,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage2000-2500
Data Source:
Toronto Real Estate Board (TRREB)
Property Description
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.
| Price History | |
|---|---|
| 8/18/2026 | Listed $1,998,000 |
General Features
| Sewer | Sewer |
|---|---|
| Cooling | None |
| Roof | Asphalt Shingle |
| Architectural Style | 2-Storey |
| Pool Features | None |
| Construction Materials | Brick |
| Heater Type | Water |
| Parking Spaces | 5 |
| Property Subtype | Detached |
| Tax Year | 2026 |
| Lot Depth | 110.0 |
| County | Toronto |
| New Construction | No |
| Property Type | Residential Freehold |
| Attached Garage | No |
| Facing Direction | South |
| Garage Y/N | No |
| Status | New |
| City | Toronto E02 |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 6794.32 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Legal Description | PT LT 3 PL 460E TORONTO AS IN CA721351,S/T CA721351; CITY OF TORONTO |
Interior Features
| Interior Amenities | Water Heater Owned,Water Meter,In-Law Suite,Floor Drain,Carpet Free,Accessory Apartment |
|---|---|
| Basement | Partially Finished,Separate Entrance |
| Heat Source | Gas |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 8 |
| Elevator? | No |
| Total Baths | 8 |
| Bedrooms | 8 |
| Living Area Range | 2000-2500 |
Exterior Features
| Total Parking | 5.0 |
|---|---|
| Garage Type | None |
| Foundation Details | Unknown |
| Spa | No |
| Lot Size Source | MPAC |
| Waterfront Y/N | No |
| Covered Spaces | 0.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in M4L 2A9
Price
Taxes
Visits
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