$1,799,900 - 210 Gerrard Street, Cabbagetown
Semi-Detached for Sale in Cabbagetown
48 days on marketNeighbourhood: Cabbagetown-South St. James Town
- MLS Number
- C13152204
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 1,593 sqft
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
5.8% cap rate! Rare opportunity to acquire a fully gutted and renovated, turnkey four-unit investment property in the heart of downtown Toronto, offering a strong 5.8% cap rate and exceptional attention to detail throughout. Extensively upgraded while preserving the building's historic character. Upgrades include custom Ohio-made heritage brickwork (2023) matched to the original 1890 brick dimensions, newer peak roof shingles (2024), updated ABS drain systems with backflow prevention (2022), an interior weeping tile system (2022), and enhanced exterior stormwater drainage infrastructure (2022), new eaves (2023)The property features four fully gutted and renovated (2022/2025/2026) self-contained furnished apartments with separate entrances, modern finishes, programmable touchpad entry systems, centralized internet/network infrastructure, security cameras, a Doorbird smart entry system, forced air gas heating and A/C, and legal fire safety systems approved by certified installers. Units include a mix of private decks, BBQ areas, skylights, heated flooring (Apt 2 - bedroom only), a gas fireplace, in-suite laundry, and updated kitchens and baths. Currently configured as: 2 x two-bedroom units, 1 x one-bedroom unit, 1 x two-level owner's suite. Ideal for investors seeking stable income, furnished rental potential, multi-generational living, or short/mid-term rental opportunities (buyer to verify use). One rear parking space included. Offered substantially furnished with only limited exclusions. One uit (owner occupied) will be vacant on closing.
Estimate your monthly payments for this property
Estimated Payment
$7,961.56/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cabbagetown-South St. James Town
Cabbagetown-South St. James Town is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cabbagetown-South St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cabbagetown-South St. James Town offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
210 Gerrard Street, Regent Park / Cabbagetown / St. James Town
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $900/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 48 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Cabbagetown are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cabbagetown.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Cabbagetown-South St. James Town
I know Cabbagetown-South St. James Town well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.