Toronto, ON · M5A 2G4 · MLS® C13136426Updated
$2,999,900
294 Gerrard St E is an investment in Toronto, listed for $2,999,900.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
Toronto investment priced at $2,999,900 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: ROYAL LEPAGE REAL ESTATE SERVICES LTD., BrokerageMLS® C13136426 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 8-bed homes for sale in Toronto around $3.0M.
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Every active Toronto MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 9,205 sales from Aug 12 – Nov 10, 2026 (7,279 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Stations and stops, straight-line distance
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294 Gerrard St E is listed at $2,999,900 (MLS® C13136426). Summitly updates the price as soon as the MLS® record changes.
No — 294 Gerrard St E is still listed at its original asking price of $2,999,900.
The listing for 294 Gerrard St E doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
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.
Its asking price of $2,999,900 is about 257% above the median sold price in Toronto over the last 90 days, $840,000, across 9,205 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.
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.
294 Gerrard St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
179 days — 294 Gerrard St E was listed on May 15, 2026.
About $122,945 at the asking price of $2,999,900: $61,473 Ontario land transfer tax plus $61,473 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 294 Gerrard St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
The listing for 294 Gerrard St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
