2333 Gerrard Street E Toronto, Ontario M4E 2E5
$989,000
Stop dreaming and start digging. This is a rare, fully vetted development opportunity at the corner of Gerrard and Hannaford, where the "heavy lifting" of the Committee of Adjustment is already complete. Approved for a sleek, legal four-plex (3 x 2-bed/den and 1 x 1-bed) designed by ArtHaus Developments, this site is primed for a building permit application.The 150-foot deep corner lot offers a significant advantage: while current approvals do not include auxiliary buildings, the site's dimensions are tailor-made for a substantial laneway house-adding a potential fifth stream of income to this high-demand residential pocket. Secure Cash Flow While You Plan: The property currently generates $3,200/month plus utilities from exceptional tenants (lease ends Aug 31, 2026), providing a stable carry while you finalize permits and trades. All architectural plans, COA approvals, and design files paid for by the Seller are included. This is a turnkey transition for an investor looking to hit the ground running in the East End. Showing Policy: To respect the privacy of the excellent tenants, appointments to tour the interior of the home will be arranged only upon an accepted conditional offer. Please book an appointment online to walk the lot/exterior. (id:60365)
Property Details
| MLS® Number | E12949028 |
| Property Type | Single Family |
| Community Name | East End-Danforth |
| EquipmentType | Water Heater |
| Features | Carpet Free |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 10 |
| Age | New Building |
| Appliances | Water Heater - Tankless, Water Meter, Dryer, Stove, Washer, Window Coverings, Refrigerator |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning, Air Exchanger |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 150 Ft ,6 In |
| SizeFrontage | 18 Ft ,8 In |
| SizeIrregular | 18.7 X 150.5 Ft |
| SizeTotalText | 18.7 X 150.5 Ft |
Kevin Michael Mccarthy
Salesperson
477 Mt. Pleasant Road
Toronto, Ontario M4S 2L9
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April 02 2026 12:03:44
Toronto Real Estate Board
Royal LePage/j & D Division
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