2333 GERRARD STREET E Active Save Request In-Person Tour Request Virtual Tour
Toronto (east End-danforth),ON M4E2E5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $599
Subdivision East End-Danforth
MLS Listing ID E12479871
Bedrooms 6
Property Sub-Type Freehold
Source Toronto Regional Real Estate Board
Property Description
URGENT - MUST CLOSE ON OR BEFORE DECEMBER 31, 2025 - NO EXCEPTIONS. This is an extraordinary, time-sensitive opportunity you do not want to miss. The seller has just delivered a significant price reduction, making this one of the best-value development sites currently available in the city. Unlock the opportunity to build a legal 4-plex with full Committee of Adjustment approval already secured, including five granted variances-saving you years of headaches, tens of thousands in carrying costs and application fees, and all the uncertainty of the approval process. This rare, extra-deep 150-ft lot fronts onto Hannaford Street and includes a coveted 8-car rear parking pad accessed from the street. A true game-changer for any multi-unit project. Development options abound: construct the approved 4-plex, add a laneway suite for even more units/density, redevelop into your dream custom single-family home, or simply hold as a cash-flowing rental property. Enjoy additional privacy and green space thanks to city-owned land directly buffering the lot.Current AAA tenant in place under a 1-year lease running September 1, 2025 - August 31, 2026. Buyers must assume the existing tenancy or make private arrangements with the tenant post-closing. With full approvals in hand, an unbeatable new price, and a hard deadline of December 31, 2025 for closing, this is a once-in-a-market-cycle deal. Act fast-opportunities like this disappear quickly. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 4.1 m X 2.75 m Bedroom
Extra Room 2 Second level 3.85 m X 2.75 m Bedroom
Extra Room 3 Third level 2.75 m X 1.8 m Bedroom
Extra Room 4 Basement 8.253 m X 5 m Recreational, Games room
Extra Room 5 Basement 8.253 m X 5.9 m Utility room
Extra Room 6 Main level 8.253 m X 3.65 m Living room
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Hardwood,Linoleum
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold