$989,000
2333 Gerrard St E
Toronto E02, ON M4E 2E5
2333 Gerrard St E, Toronto E02 — Listed at $989,000. 10 bedroom, 4 bathroom 3-Storey Detached. MLS® E12949028.
Description
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.
Property Details
Listing Courtesy of: ROYAL LEPAGE/J & D DIVISION
MLS® #E12949028
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HouseIndex Take: 2333 Gerrard Street E
This detached (3-Storey) is located in the East End-Danforth neighbourhood of Toronto.
The home offers 10+3 bedrooms, 4 bathrooms.
Features include a apartment basement, 4 parking spaces including a 2-car garage.
Additional details: lot dimensions of 18.66 × 150.54 feet.
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About Toronto Real Estate
This Detached is located in the East End-Danforth community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Detached homes in Toronto are in high demand among families seeking space, privacy, and long-term equity growth.