Toronto (east End-danforth), ON M4E2E5,2333 GERRARD STREET E
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Toronto (east End-danforth), ON M4E2E5,2333 GERRARD STREET E
Toronto (east End-danforth), ON M4E2E5,2333 GERRARD STREET E
Toronto (east End-danforth), ON M4E2E5,2333 GERRARD STREET E
Toronto (east End-danforth), ON M4E2E5,2333 GERRARD STREET E
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$ 899,000
Est. payment /mo
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Price Dropped by $126K

2333 GERRARD STREET E Toronto (east End-danforth), ON M4E2E5

6 Beds

1 Bath

1,500 SqFt


UPDATED:

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


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Listed by ROYAL LEPAGE/J & D DIVISION
Sunny Pamma

Sunny Pamma

Agent | License ID: FPAMMSU

+1(778) 899-7996

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2333 GERRARD STREET E