137 Gerrard Street, Toronto, ON

Description

An excellent opportunity to acquire a fully legal triplex located just steps from Toronto Metropolitan University, Allan Gardens, transit, and the downtown core. Close to George Brown College and U of T. This well-maintained property offers three self-contained two-bedroom units, each with private outdoor space and individual ensuite laundry for added convenience and tenant appeal. All units are fully renovated, modern with functional layouts. The top floor unit is a one-and-a-half-storey suite featuring two bedrooms, two bathrooms, a wall-mounted air conditioning unit, and a walk-out to a private rooftop deck with expansive city views. The top floor apartment can easily be turned into a three or even four bedroom to maximize number of tenants if desired, and has been both in the past. The main floor unit includes two bedrooms and a flexible third room that can function as either a living room or an additional bedroom, along with direct walk-out access to the backyard. The lower level unit is a spacious two-bedroom suite with 8 foot ceilings, natural light and a new sub pump. Rear laneway access leads to two dedicated parking space (shed would need to be moved for both parking spaces to be used. Can still be kept on site for storage).The property sits on a 17.08 ft x 96 ft lot. Property falls outside the local heritage zone and is part of an assembly that has received interest from developers in the past. 137 Gerrard St E. is ideal for investors seeking a turn-key income property, owner-occupiers looking to offset their mortgage, or buyers interested in multi-generational living.