Fantastic investment available for the first time in 40+ years. Main level boasts a turnkey coin laundry business with an established customer base and steady income. Includes: 17 washers, 16 dryers, 2 change machines, and 2 soap dispensers. Basement office/storage space and 3 piece bath. All coin laundry mechanicals owned. Upper level contains 2 one bedroom apartments, currently tenanted. Apartments are separately metered, tenant pays own utilities. 2 private parking spaces accessible through rear laneway. Steps to transit and shopping. Owner to install 2 brand new boilers (25K value), brand new roof installed in 2021, current site manager handles daily business operations and is willing to stay. Great opportunity for anyone seeking an investment to provide passive income. Offers Anytime!
Address
1935 Gerrard Street E
List Price
$1,099,000
MLS® Status
New
Expiration Date
2026-06-01
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Toronto E02
Sub-Area
Woodbine Corridor
Region
Toronto
Lot Depth
97
Lot Type
Lot
Lot Size Units
Feet
Lot Width
20.41
Total Building Area
1850
Occupant Type
Owner+Tenant
Cross Street
Gerrard St E & Woodbine Ave
MLS® Number
E12944150
Listing Brokerage
CENTURY 21 LEADING EDGE REALTY INC.
Basement
Yes
Postal Code
M4L 2C2
Posession Details
IMMEDIATE
Tax Amount
$12,811.17
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Baseboard
Cooling Features
Partial
Garage Type
Lane
Security Features
No