250 Gorge Rd

About this property

The Avison Young Multi-Family Team is pleased to present Gorge Terrace, an extremely well-maintained 36-suite rental apartment building situated adjacent to the Gorge Waterway and Gorge Shopping Centre. The Property occupies a 34,611-sf corner site and has benefited from approximately $490,000 in capital improvements since 2021, including new windows and balconies and 16 fully renovated suites with dishwashers and stainless-steel appliances. Gorge Terrace offers stable in-place income with the opportunity to save on Property Transfer Tax through a bare trust share sale.