1048 GERRARD Street, Riverdale / Leslieville, ON M4M 1Z8
$1,199,000
activeNEW
About This Property
Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
Property Details
Commercial
Active
E12945340
0
0
1,789
April 1, 2026
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1048 GERRARD Street, Riverdale / Leslieville, ON M4M 1Z8
1048 GERRARD Street, Riverdale / Leslieville, ON M4M 1Z8
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Listing Information
Listing Information
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Re/Max Crossroads Realty Inc., Brokerage — 533 Danforth Rd, Scarborough ON M1K 1C9