For Sale - 177 Carlton Street, Toronto, Ontario

Est payment $12,387/mo
Views   1
Time on Jump  10 day
  • Legal non-conforming 11-unit multiplex in desirable Cabbagetown neighbourhood.
  • Fully self-contained units with individual metering for efficient management.
  • Mix of bachelor suites and spacious one-bedroom apartments for diverse tenants.
  • Completed capital upgrades provide peace of mind and reduce future expenses.
  • Flexible zoning allows for residential and commercial use, maximizing investment potential.



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.
Listing IDC12722508
Address177 Carlton Street
CityToronto, Ontario
Price$2,499,000
Bed / Bath11 / 11 Full
Style3-Storey, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 2.00
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Listing Agency:  RE/MAX HALLMARK REALTY LTD.
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177 Carlton Street
Toronto , Ontario
11 11 $2,499,000
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