177 Carlton Street, Toronto, ON M5A 2K3
Toronto C08, ON, M5A 2K3 · Moss Park
About this property
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.
Features & Amenities
- Basement: Finished
- Garage: None
- Cooling: Window Unit(s)
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 11 |
| Bathrooms | 11 |
| Basement | Finished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $13,200 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Other
Exterior Features
- Other Structures
- Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Shingles
- Basement
- Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Window Unit(s)
- Heating
- Yes
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Lane
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 130.00
- Lot Width
- 20.50
Financial & Tax
- Tax Annual Amount
- $13,200
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- 30-60-90-120
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 9
- Rooms Below Grade
- 2
- Rooms Total
- 11
- Kitchens Above Grade
- 9
- Kitchens Total
- 11
- Bedrooms Above Grade
- 9
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Toronto
- Cross Street
- Carlton St & Sherbourne St
- Directions
- South side of Carlton St, West of Seaton St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
177 Carlton Street, Toronto, ON M5A 2K3, Toronto C08, ON, M5A 2K3