2333 GERRARD STREET E, Toronto (East End-Danforth), Ontario, M4E2E5
MLS: E12949028 | House (Freehold)
$989,000
Property Description
Stop dreaming and start digging. This is a rare, fully vetted development opportunity at the corner of Gerrard and Hannaford, where the "heavy lifting" of the Committee of Adjustment is already complete. Approved for a sleek, legal four-plex (3 x 2-bed/den and 1 x 1-bed) designed by ArtHaus Developments, this site is primed for a building permit application.The 150-foot deep corner lot offers a significant advantage: while current approvals do not include auxiliary buildings, the site's dimensions are tailor-made for a substantial laneway house-adding a potential fifth stream of income to this high-demand residential pocket. Secure Cash Flow While You Plan: The property currently generates $3,200/month plus utilities from exceptional tenants (lease ends Aug 31, 2026), providing a stable carry while you finalize permits and trades. All architectural plans, COA approvals, and design files paid for by the Seller are included. This is a turnkey transition for an investor looking to hit the ground running in the East End. Showing Policy: To respect the privacy of the excellent tenants, appointments to tour the interior of the home will be arranged only upon an accepted conditional offer. Please book an appointment online to walk the lot/exterior. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 10 (7 above, 3 below)
- Bathrooms: 4
- Ownership: Freehold
- Attached: No
- Parking: 4.0 spaces (Detached Garage, No Garage)
- Frontage: 19 ft (5.7 m)
Costs
- Annual Taxes: $4,086.23
Listing Provided by: ROYAL LEPAGE/J & D DIVISION
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning, Air exchanger
- Basement: Apartment in basement, N/A
- Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Window Coverings, Water Heater - Tankless
Exterior & Construction
- Exterior: Brick
- Foundation: Block
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 19 ft (5.7 m)
- Features: Carpet Free
Community & Neighbourhood
- Neighbourhood: East End-Danforth
Listing Information
Listing History
MLS listing activity for 2333 GERRARD STREET E, Toronto (East End-Danforth), Ontario, M4E2E5 — dates reflect when changes were recorded in the DDF
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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2333 GERRARD STREET E, Toronto (East End-Danforth), Ontario, M4E2E5