$2,499,000.00

177 CARLTON STREET, Toronto (Moss Park), Ontario, M5A2K3, Canada Listing ID: C12722508
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Bathrooms Bedrooms Property Type
11 11 Multi-family

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:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 21 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 177 CARLTON STREET (C12722508)
Room Details
Level Type Length Width Dimensions
Second level Bedroom 3.48 m 6.05 m 3.48 m x 6.05 m
Second level Bedroom 3.87 m 4.66 m 3.87 m x 4.66 m
Second level Bedroom 9.75 m 4.42 m 9.75 m x 4.42 m
Third level Bedroom 4.2 m 6.4 m 4.2 m x 6.4 m
Third level Bedroom 4.66 m 3.87 m 4.66 m x 3.87 m
Basement Bedroom 8.79 m 5.87 m 8.79 m x 5.87 m
Basement Bedroom 7.78 m 4.16 m 7.78 m x 4.16 m
Ground level Bedroom 4.35 m 3.87 m 4.35 m x 3.87 m
Ground level Bedroom 4.66 m 3.87 m 4.66 m x 3.87 m
Ground level Bedroom 5.15 m 4.75 m 5.15 m x 4.75 m
Ground level Bedroom 4.8 m 4.48 m 4.8 m x 4.48 m
Additional Information
Amenity Near By
Features Lane
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership
Parking
  • Name - No Garage
Transaction For sale
Building
Bathroom Total 11
Bedrooms Total 11
Bedrooms Above Ground 9
Bedrooms Below Ground 2
Basement Development Finished
Basement Type N/A (Finished)
Cooling Type Window air conditioner
Exterior Finish Brick
Fireplace Present
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Forced air
Size Interior 2500 - 3000 sqft
Stories Total 3
Type Other
Utility Water Municipal water
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