1935 Gerrard Street E Toronto, Ontario M4L 2C2

1,850 ft2
Partially Air Conditioned Baseboard Heaters, Forced Air

$1,099,000

Fantastic investment available for the first time in 40+ years. Main level boasts a turnkey coin laundry business with an established customer base and steady income. Includes: 17 washers, 16 dryers, 2 change machines, and 2 soap dispensers. Basement office/storage space and 3 piece bath. All coin laundry mechanicals owned. Upper level contains 2 one bedroom apartments, currently tenanted. Apartments are separately metered, tenant pays own utilities. 2 private parking spaces accessible through rear laneway. Steps to transit and shopping. Owner to install 2 brand new boilers (25K value), brand new roof installed in 2021, current site manager handles daily business operations and is willing to stay. Great opportunity for anyone seeking an investment to provide passive income. Offers Anytime! (id:51158)

Property Details

MLS® Number E12944150
Property Type Retail
Neigbourhood Upper Beaches
Community Name Woodbine Corridor
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Appliances Dryer, Washer
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Size Interior 1,850 Ft2
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Size Depth 97 Ft
Size Frontage 20 Ft ,4 In
Size Irregular 20.41 X 97 Ft
Size Total Text 20.41 X 97 Ft
Zoning Description Cr2(c0.5;r2)*1722)

https://www.realtor.ca/real-estate/29543098/1935-gerrard-street-e-toronto-woodbine-corridor-woodbine-corridor

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