view of front facade featuring mansard roof, roof with shingles, and brick siding Features: window mounted ac More Photos

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    For Sale - 177 Carlton Street, Toronto, Ontario

    Est payment $12,000/mo
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    Time on Jump  21 day

    AI Summary *

    • Exceptional 11-unit multiplex in the sought-after Cabbagetown neighbourhood.
    • Zoned for mixed residential and commercial use for flexibility.
    • All units are self-contained and individually metered for efficient management.
    • Recent capital upgrades reduce future expenses and enhance property appeal.
    • Strong rental income potential with options for strategic improvements.




    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 IDC13435706
    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

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    Listing Agency:  RE/MAX HALLMARK REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    177 Carlton Street
    Toronto , Ontario
    11 11 $2,499,000
    Get more info