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$2,499,000
Available - For Sale
Listing ID: C12722508
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.
Price $2,499,000
Taxes: $11,939.75
Occupancy by: Tenant
Address: 177 Carlton Street , Toronto, M5A 2K3, Toronto
Directions/Cross Streets: Carlton St & Sherbourne St
Rooms: 9
Rooms +: 2
Bedrooms: 9
Bedrooms +: 2
Washrooms: 11
Family Room: F
Basement: Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Ground Bedroom 14.27 12.69 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 2: Ground Bedroom 15.28 12.69 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 3: Ground Bedroom 16.89 15.58 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 4: Ground Bedroom 15.74 14.69 4 Pc Ensuite, W/O To Deck, W/O To Deck
Room 5: Second Bedroom 11.41 19.84 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 6: Second Bedroom 12.69 15.28 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 7: Second Bedroom 31.98 14.50 4 Pc Ensuite, W/O To Deck, Separate Room
Room 8: Third Bedroom 13.78 20.99 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 9: Third Bedroom 15.28 12.69 4 Pc Ensuite, Combined w/Br, Combined w/Kitchen
Room 10: Basement Bedroom 28.83 19.25 4 Pc Bath, Window, Separate Room
Room 11: Basement Bedroom 25.52 13.64 4 Pc Bath, W/O To Yard, Separate Room
No. of Pieces Level
Washroom 1:  4 Lower
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  4 Third
Washroom 5:  0 Second
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Lane
Drive Parking Spaces: 2
Park #1
Parking Type: Lane
Park #2
Parking Type: Lane
Pool: None
Other Structures: Shed
Approximatly Square Footage: 2500-3000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY LTD.

177 Carlton Street , Toronto, M5A 2K3, Toronto


 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto C08
Neighbourhood: Moss Park
Style: 3-Storey
Lot Size: x 130.00(Feet)
Approximate Age:
Tax: $11,939.75
Maintenance Fee: $0
Beds: 9+2
Baths: 11
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Maria Tompson
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Cell: 416-548-7854
Office: 1-866-382-2968
Fax: 416-981-7184

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Your Company Name, Brokerage
Independently owned and operated.
 4711 Yonge Street, 10th Floor, Toronto, ON, M2N 6K8
 



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