$799,000
Available - For Sale
Listing ID: C13708834
198 1/2 Carlton Street , Toronto, M5A 2K8, Toronto
| Rarely offered and full of potential, this exceptional corner property in the heart of Toronto combines commercial visibility, residential income and exciting future possibilities. Set in a high-density urban setting, 198 1/2 Carlton St presents a unique opportunity for investors, entrepreneurs and developers alike.The property features a prominent street-facing storefront with excellent exposure and a spacious apartment above, creating an ideal live-and-work configuration or valuable income-producing asset. The existing building offers character, generous interior space and an outstanding opportunity to renovate, reposition and create something truly special.The rear of the property is where the possibilities really expand. A detached brick garage with convenient laneway access provides an exciting opportunity for a future laneway suite or ADU, additional living space, creative studio, office or income-producing space with an existing loft currently constructed. The private rear area adds another valuable dimension rarely found with a central Toronto corner property.The prominent corner lot offers exceptional visibility, multiple exposures and a distinctive footprint in an area experiencing continued urban growth and intensification. With high-density development surrounding the property, this location presents exciting long-term potential for expansion, redevelopment or maximizing the existing site.Whether you're looking for a highly visible commercial space with residential income above, a live/work opportunity, an investment property with multiple revenue possibilities, or a site with future development potential, this property offers an extraordinary range of options.A truly unique Toronto offering with a storefront, apartment, corner exposure, rear garage and laneway access - all in one of the city's most dynamic urban locations. Opportunities like this are becoming increasingly rare. |
| Price | $799,000 |
| Taxes: | $8056.77 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 198 1/2 Carlton Street , Toronto, M5A 2K8, Toronto |
| Postal Code: | M5A 2K8 |
| Province/State: | Toronto |
| Legal Description: | PT LT 1 PL 214E TORONTO AS IN CA215206; |
| Directions/Cross Streets: | Carlton & Parliament St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 2678.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1073 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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| RARE REAL ESTATE |
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Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Tax: | $8,056.77 |
| Fireplace: | N |
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