177 Carlton Street,Toronto C08, ON M5A 2K3
Toronto C08, ON M5A 2K3
Description
An exceptional investment opportunity awaits with this legal non conforming 11-unit multiplex located in the highly desirable Cabbagetown neighbourhood. Zoned for mixed residential and commercial use, this well-maintained property offers flexibility and strong long-term income potential. All 11 units are fully self-contained, and individually metered, providing efficient management and consistent cash flow. The building features a desirable unit mix of eight bachelor suites with unique half-story loft-style sleeping areas and three spacious one-bedroom apartments, appealing to a broad tenant base. Investors have the option to operate the property in its current, stabilized condition or pursue strategic improvements to unlock maximum annual rental income. Significant capital upgrades have already been completed, ensuring peace of mind and reduced future expenses. Improvements include a new roof (2010), furnace (2010), two 50-gallon hot water tanks (2010), updated windows (2010), and upgraded electrical wiring completed in phases (2012 and 2023). With its prime location, legal status, and strong fundamentals, this property represents a compelling opportunity for both seasoned and first-time investors.
Details
| MLS # | C13435706 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 88 |
| Listing Provided By | RE/MAX HALLMARK REALTY LTD. | C13435706 259007 |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 11 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.06 |
Interior
| Interior Features | Other |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Rooms Total | 11 |
Exterior
| Roof | Shingles |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lane |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 13200 |
|---|---|
| Tax Legal Description | Plan 41 Pt Lots 39 To 41 |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C08 |
| Postal Code | M5A 2K3 |
| Area | Moss Park |
| Listing VS Median (in M5A 2K3) | |
Price: $2,499,000 low | high Med: $2,499,000 On site: 88 low | high Med: 88 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C08 |
| Postal Code | M5A 2K3 |
| Area | Moss Park |
| Listing VS Median (in M5A 2K3) | |
Price: $2,499,000 low | high Med: $2,499,000 On site: 88 low | high Med: 88 | |