49
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$2,499,000
Est. payment /mo
11 Beds
11 Baths
Active
177 Carlton ST Toronto C08, ON M5A 2K3
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Municipality Toronto C08
Subdivision Moss Park
MLS Listing ID C13435706
Style 3-Storey
Bedrooms 11
Annual Tax Amount $13,200
Tax Year 2026
Property Sub-Type Multiplex
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
Rooms
Family Room No
Basement Finished
Kitchen 11
Separate Den/Office 2
Interior
Interior Features Other
Heating Yes
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane
Pool None
Roof Type Shingles
Lot Frontage 20.5
Lot Depth 130.0
Total Parking Spaces 2
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.
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