Get $4,995 Cash Back
1659 GERRARD STREET E, Toronto (Woodbine Corridor) — listed at $1,998,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
What's the parking situation?+
This property includes 5 spaces — No Garage.
What makes this a luxury property?+
At $1,998,000, standout features include 8 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Does it have a basement, and is it finished?+
Yes — Partially finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 1659 GERRARD STREET E a good fit for a growing family?+
With 8 bedrooms and 8 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the space laid out across floors?+
This is a 2-storey single family. The 8 bedrooms and 8 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Could this work as an investment property?+
The basement description mentions: Partially finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Woodbine Corridor) before counting on it.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale24 days24
For Sale37 days33
For Sale22 days30
For Sale3 days29The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.















