177 Carlton Street, Toronto C08, ON M5A 2K3
Toronto C08
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 177 Carlton Street, Toronto C08, ON M5A 2K3
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MLS# C13435706
Listed by RE/MAX HALLMARK REALTY LTD.
On market since Jun 12, 2026
What comparable homes actually sold for in the last 12 months.
177 Carlton Street, Toronto C08, ON M5A 2K3 is listed for $2,499,000 CAD.
177 Carlton Street, Toronto C08, ON M5A 2K3 has 11 bedrooms and 11 bathrooms.
177 Carlton Street, Toronto C08, ON M5A 2K3 is a Multiplex.
177 Carlton Street, Toronto C08, ON M5A 2K3 is in Toronto C08, Ontario.
177 Carlton Street, Toronto C08, ON M5A 2K3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 177 Carlton Street, Toronto C08, ON M5A 2K3 (MLS# C13435706). You can also send a message through the contact form on this site.
