1935 Gerrard Street E Toronto, Ontario M4L 2C2
$1,099,000
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! (id:56248)
Property Details
| MLS® Number | E12944150 |
| Property Type | Retail |
| Neigbourhood | Upper Beaches |
| Community Name | Woodbine Corridor |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Dryer, Washer |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Size Interior | 1,850 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 97 Ft |
| Size Frontage | 20 Ft ,4 In |
| Size Irregular | 20.41 X 97 Ft |
| Size Total Text | 20.41 X 97 Ft |
| Zoning Description | Cr2(c0.5;r2)*1722) |
Interested?
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April 01 2026 03:44:21
Toronto Regional Real Estate Board
Century 21 Leading Edge Realty Inc.