177 Carlton Street Toronto, Ontario M5A 2K3
$2,499,000
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. (id:47351)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | C12722514 |
| Property Type | Multi-family |
| Community Name | Moss Park |
| Parking Space Total | 2 |
Building
| Bathroom Total | 12 |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,665 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 130 Ft |
| Size Frontage | 20 Ft ,6 In |
| Size Irregular | 20.5 X 130 Ft |
| Size Total Text | 20.5 X 130 Ft |
| Zoning Description | Cr1.5(c1;r1*1913) |
https://www.realtor.ca/real-estate/29281451/177-carlton-street-toronto-moss-park-moss-park
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January 22 2026 10:31:38
Toronto Regional Real Estate Board
RE/MAX Hallmark Realty Ltd.