294 Gerrard St E is an 8-bedroom, 4-bathroom multiplex in Toronto, listed for $2,999,900. It has 2000-2500 sq ft of living space.
1Attention Investors!
2Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components.
Attention Investors! An exceptional opportunity to acquire a fully leased 6-unit multi-residential property offering a high-performing rate of return on investment. Investors will benefit from a 5.5% going in CAP rate along with a 9.48% leveraged cap rate with 30% down--one of the best performing and maintained 6-unit buildings in central Toronto. Spread over approximately 4456 sq. ft. of rentable living space (including the basement and rear coach house), this well-maintained asset features a desirable unit mix of four 2-bedroom apartments and two 3-bedroom apartments, appealing to a broad range of tenants in a high-demand rental market. Significant improvements have been completed throughout the property, including updated kitchens, mechanical systems, decks, and improvements to major building components. Strategically positioned at the prominent intersection of Parliament and Gerrard, the property benefits from excellent street exposure, strong connectivity, convenient access to transit, as well as nearby shops and amenities. The property also offers flexible commercial/residential zoning, presenting versatile future redevelopment or value-add potential. Ideal for investors seeking stable cash flow today with long-term upside in a vibrant and highly desirable area.
8 bedrooms, 4 bathrooms, about 2,000 sq ft, works out to roughly $1,500 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 294 Gerrard St E
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Basement
Apartment
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
2551
Listing & possession
Property style
2-Storey
Property class
Multiplex
294 Gerrard St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13136412$2,999,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 294 Gerrard St E Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$14,738
/mo
based on the purchase price of $2,999,900
$599,980 cash
$2,399,920 financed
$2,021,363 total interest
Principal54%$2,399,920
Interest46%$2,021,363
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 7–14 bed homes for sale in Toronto around $3.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,861Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
294 Gerrard St E is listed at $2,999,900 (MLS® C13136412). Summitly updates the price as soon as the MLS® record changes.
Is $2,999,900 a good price for 294 Gerrard St E?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 294 Gerrard St E changed?
No — 294 Gerrard St E is still listed at its original asking price of $2,999,900.
How many bedrooms and bathrooms does 294 Gerrard St E have?
294 Gerrard St E has 8 bedrooms and 4 bathrooms, with about 2,000–2,500 square feet of living space. It is a multiplex in Toronto.
Is 294 Gerrard St E close to transit?
The nearest rapid-transit station is Castle Frank Station (Line 2), about 1.2 km (about a 15-minute walk) in a straight line. College Station is about 1.3 km (about a 16-minute walk), and TMU Station is about 1.3 km (about a 16-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 294 Gerrard St E?
About $14,738 a month — principal and interest on $2,999,900 with 20% down ($599,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 294 Gerrard St E compare with other homes in Toronto?
Its asking price of $2,999,900 is about 255% above the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 294 Gerrard St E been sold before?
Summitly has no earlier MLS® sale or lease of 294 Gerrard St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 294 Gerrard St E?
294 Gerrard St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 294 Gerrard St E been on the market?
177 days — 294 Gerrard St E was listed on May 15, 2026.
What is the price per square foot of 294 Gerrard St E?
About $1,200 to $1,500 per square foot: the asking price of $2,999,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 294 Gerrard St E have a basement, and is it finished?
