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MLS® E12945340
South Riverdale, Toronto, ON
Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
Inclusions
All existing equipment and appliances (As is)
Broker
CENTURY 21 LEADING EDGE REALTY INC.
Neighbourhood
South Riverdale
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Store W Apt/Office
1048 GERRARD Street E Toronto
South Riverdale
Type
Store W Apt/Office
Parking
Outside/Surface
Property Tax
~$9,769/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
1789 sqft
Parking
Outside/Surface
Finances
List Price
$1,199,000
Price per SQFT
$670/sqft
Property Tax
~$9,769/yr
Property Specs
Property Type
Store W Apt/Office
MLS Size
1789 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
South Riverdale
Listed On
Apr 1, 2026
Days on Market
Current: 219 days
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