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Property Description
Rarely Offered Commercial Office/Residential Space On King St. East Between Sumach And River. Prime Location With Lots Of Foot Traffic. Future Development Site. Many New Projects Being Built In This Redeveloping Area. The Office Is Fully Updated From Top To Bottom. Amazing Live Work Space Or Great Investment Property. Very Bright With Great Layout And High Ceilings. Property Zoned Residential With Commercial Exception. See List Of Exceptions Attached. Great Live/Work Option. Small Back Porch Off Rear Of Office With Access From Right Away From Ashby Place. Close to future Ontario south relief line subway stop, within walking distance. Currently Commercial space on all 3 Floors. Currently taxed commercially but due to zoning could be brought back to residential taxation through appeal if the use is fully residential.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2013-12-02 | 2013-12-10 | 8 | $549,000 | $592,000 |
Nearby Intersections
Property Features
Public Transit, Brick & Beam, Storage, None, None
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Property Details
Address
502 King Street
Community
City
Postal Code
M5A 1M1
Property Type
Att/Row/Townhouse, Att/Row/Townhouse
Lot Size
12' x 42'
Taxes
$9,900 (2025
Basement
Full
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Urban Toronto Team Realty Inc.
Location and Location!! Great Condition Townhouse In Central Downtown! Step To The Dundas Squrae And Eton Center. Totally Upgraded From Top To Bottom**This Home Offers An Open Concept Living Space,Contemporary--Stylish Interior Finishing:Spacious Kitchen W/W-O To Private Backyard,Generous 2Bedrooms On The 2nd Floor W/Good Size Of Winows Allows Natural Light,New Sleek Bathroom,Hardwood Floor Thru-Out: Great Condition! New Roof 2023, Show And Sell. Very Motived and Offer any time.
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Discover 23 Ignatius Lane - a rare freehold end-unit townhouse combining space, privacy, and exceptional natural light. This 3-bedroom, 3-bathroom residence features a built-in garage, modern stainless steel appliances, and a bright open-concept layout designed for comfortable living and entertaining. Enjoy direct access to your private yard - an ideal outdoor retreat. A standout opportunity for buyers seeking the freedom of freehold living, Steps to TTC, shopping and all convenients.
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Exceptional income-producing property in the highly sought-after Jones & Danforth neighbourhood, just steps to Donlands Station. This versatile property features three self-contained units, each with two separate entrances/exits, enhancing privacy, safety, and rental flexibility. Main Floor Unit: Spacious 2-bedroom layout with both front and rear access. The main level also offers commercial/office potential (buyer to verify permitted uses), making it ideal for professional services, live/work arrangements, or additional income opportunities. Upper Unit: Bright and functional 1-bedroom suite with front entrance and rear access via private back deck. Excellent natural light and efficient layout attractive to tenants. Basement Unit: Self-contained 1-bedroom suite with approximately 7-foot ceiling height. Features rear entrance plus interior access from the main level. Situated in a high-demand rental pocket steps to transit, Danforth shops, restaurants, schools, and parks. Strong rental appeal driven by location, layout efficiency, and multiple access points. Laneway parking adds valuable convenience and additional tenant appeal. Ideal for investors seeking stable cash flow with upside potential, or end users looking to occupy one unit while generating income from the others. Projected market rents suggest attractive investor returns. A rare opportunity to secure a flexible, income-generating property in one of Toronto's most vibrant east-end communities.
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