177 CARLTON STREET
Toronto (Moss Park), Ontario
MLS® C13435706
$2,499,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- C13435706
- Bedrooms
- 11
- Bathrooms
- 11
- Year built
- —
1 / 49Listing 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.
Property summary
- MLS® number
- C13435706
- Property type
- Multi-family
- Building type
- Other
- Land size
- 20.5 x 130 FT
- Annual property taxes
- $13,200.00
- Parking
- 2 spaces · No Garage
- Days on market
- 83 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Basement
- Finished, N/A
- Exterior features
- Brick
- Lot features
- Lane
What would this home cost you?
Based on the $2,499,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK REALTY LTD., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.