An excellent opportunity to acquire a fully legal triplex located just steps from Toronto Metropolitan University, Allan Gardens, transit, and the downtown core. Close to George Brown College and U of T. This well-maintained property offers three self-contained two-bedroom units, each with private outdoor space and individual ensuite laundry for added convenience and tenant appeal. All units are fully renovated, modern with functional layouts. The top floor unit is a one-and-a-half-storey suite featuring two bedrooms, two bathrooms, a wall-mounted air conditioning unit, and a walk-out to a private rooftop deck with expansive city views. The top floor apartment can easily be turned into a three or even four bedroom to maximize number of tenants if desired, and has been both in the past. The main floor unit includes two bedrooms and a flexible third room that can function as either a living room or an additional bedroom, along with direct walk-out access to the backyard. The lower level unit is a spacious two-bedroom suite with 8 foot ceilings, natural light and a new sub pump. Rear laneway access leads to two dedicated parking space (shed would need to be moved for both parking spaces to be used. Can still be kept on site for storage).The property sits on a 17.08 ft x 96 ft lot. Property falls outside the local heritage zone and is part of an assembly that has received interest from developers in the past. 137 Gerrard St E. is ideal for investors seeking a turn-key income property, owner-occupiers looking to offset their mortgage, or buyers interested in multi-generational living.
Address
137 Gerrard Street E
List Price
$1,400,000
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2 1/2 Storey
Area
Toronto C08
Sub-Area
Moss Park
County
Toronto
Bedrooms
4 + 2
Bathrooms
4
Floor Area
1500 - 2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
96
Lot Size Units
Feet
Lot Width
17.08
Approx. Age
100+ Years
MLS® Number
C12226217
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Basement Area
Apartment, Finished with Walk-Out
Postal Code
M5A 2E3
Parking
Lane
Parking Places (Total)
2
Tax Amount
$6,423.00
Tax Year
2025
Interior Features
Carpet Free, Other
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Wall Unit(s)
Construction Materials
Stucco (Plaster)
Direction Faces
South
Foundation Details
Concrete Block
Garage Type
None
Kitchens Total
3
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer