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$ 2,499,000
Est. payment /mo
New
177 Carlton ST Toronto C08, ON M5A 2K3
12 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto C08
Subdivision Moss Park
MLS Listing ID C12722514
Annual Tax Amount $11,939
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Interior
Heating Yes
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 20.5
Lot Depth 130.0
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.