194A Carlton Street
Cabbagetown-South St. James Town, Toronto, M4X 1M7
FOR SALE
$1,649,000
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3
BEDROOMS 5
BATHROOMS 2
KITCHENS 9
ROOMS C13773804
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Property Description
Excellent investor opportunity with character. Fully leased with excellent income. Two well established retail tenants (main and lower level) and two residential units with multiple private decks (second and third levels). Two parking spaces with laneway access. Many upgrades including rear stairwell and decks, 200 amp service, 4 hydro meters, new roof and sub panels in each unit. This is a turn key residential/commercial investment property in the heart of Cabbagetown. Ideally located next to public transit, restaurants, bars, cafes and TMU.
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Property Features
Separate Hydro Meter, Water Heater
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Property Details
Address
194A Carlton Street
Community
City
Postal Code
M4X 1M7
Property Type
Multiplex, Multiplex
Lot Size
17' x 100'
Taxes
$15,346 (2025
Basement
Separate Entrance, Finished
Heat Type
Water
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Right At Home Realty
Renovate or build: two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1 commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return OR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. The seller is a Registered Real Estate Agent (RREA).
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