177 Carlton Street, Toronto, ON M5A 2K3, Toronto C08, ON
Bed 11
Bath 11
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.
Property Highlights
For Sale
MLS NO.
C12722508
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
11
Bathrooms
11
Parking
2.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
C12722508
Living Area Range
2500-3000
Total Bedrooms
11
Bedrooms Above Grade
9
Bedrooms Below Grade
2
Total Bathrooms
11
Total Kitchens
11
Kitchens Above Grade
9
Kitchens Below Grade
2
Rooms Above Grade
9
Rooms Below Grade
2
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Shingles
Lot Width
20.5
Parking Features
Lane
Parking Total
2.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Window Unit(s)
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
177 Carlton Street, Toronto, ON M5A 2K3
City
Toronto C08
Neighbourhood
Moss Park
County / Region
Toronto
Province / State
ON
Postal Code
M5A 2K3
Cross Street
Carlton St & Sherbourne St
Directions
South side of Carlton St just West of Seaton St
Country
CA
List Price
$2,499,000
Annual Taxes
$11,940
Tax Year
2025
Legal Description
Plan 41 Pt Lots 39 To 41
Possession Type
Flexible
Possession Details
30-60-90
Listing Office
RE/MAX HALLMARK REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2026-01-22T21:48:27Z
Media Updated
2026-03-24T15:46:24Z
Photos Updated
2026-03-24T15:46:24Z
Last Modified
2026-05-23T05:15:31Z
System Modified
2026-07-06T21:28:36.698567Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Finished
Board Property Type
Free
Ddfyn
Yes
Expiration Date
2026-05-22
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Heating Yn
Yes
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
2
Public Remarks
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.
