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For saleMLS® E13689614

1659 Gerrard Street E, Toronto, ON M4L 2A9

Woodbine Corridor · E02 · M4L 2A9

$1,998,000

$583 / sq ft

2 months on market

Bathrooms
8
Total area
3,426 sf
Lot
25 × 110 ft

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About this property

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-maintenancefeatures 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 straight forward opportunity to add a well-located, income-producing asset to your portfolio.

Property details

Property

Property type
investment
Bathrooms
8
Interior size
3,426 sq ft
Lot size
25 × 110 ft
Zoning
R(d1*7)
Possession
tbd

Interior

Heating
Gas Hot Water
Cooling
No

Costs

List price
$1,998,000
Property taxes
$6,794 / year (2025)
Price per sq ft
$583

Listing

MLS® number
E13689614
Status
For sale
Listed
August 18, 2026
Days on market
78
Last updated
November 3, 2026
Listing brokerage
RE/MAX REALTY SPECIALISTS INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 38% of comparable multi-unit / investment listings in Toronto are asking less.

$885KMedian $2.70M$8.22M
This home
$583 / sq ft
Comparable median
$699 / sq ft

Based on 96 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $399,600
$399,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$8,837.83
Property tax (est.)
$566.19
Estimated monthly
$9,404

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$36,435
Toronto municipal
$36,435
Total due on closing
$72,870

An estimate on the asking price of $1,998,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REALTY SPECIALISTS INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,998,000

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