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Investor Alert – 452 & 452A Gerrard St E

Posted on February 7, 2013 in Featured Properties

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Asking Price: $519,000 – total, as in for both.
MLS: C2553832 and C2553887

452 and 452A Gerrard St E are being sold together in one glorious package. This strip of Gerrard St. is directly across the street from the final stage of the Regent Park Revitalization project. New condominium buildings are being built every year in the neighborhood with a new demographic of people flooding into the area.

So, the property borders established Cabbagetown to the north and up-and-coming Regent Park to the south. Sounds like a good opportunity to me, just saying.

The current tenant is a successful Thai Restaurant. Send us a note for details on the lease. Building has a 5.4% Cap Rate. Tenant pays property taxes and all utilities.

452 Gerrard St E
Property Type: Semi-Detached
Square Footage: 567
Lot Size: 12.67 x 44 feet
Taxes $4,609.09

More Info: http://idx.myrealpage.com/wps/myofficelistings/25184/details-28979459

452A Gerrard St E
Property Type: Semi-Detached
Square Footage: 696
Lot Size: 15.46 x 44 feet
Taxes $5,632.15

More Info: http://idx.myrealpage.com/wps/myofficelistings/25184/details-28980269

Contact Details:
Nicholas Humphries 416-526-2791, nick@nickandhilary.com
Hilary Browning 416-735-4665, hilary@nickandhilary.com