177 Carlton Street, Toronto, ON M5A 2K3
- Property tax
- $13,200 / year
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.
- MLS number
- C13435706
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 11
- Bathrooms
- 11
- Postal code
- M5A 2K3
- Photos
- 49
- Laundry
- Not in the unit
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
11 rooms as the listing brokerage filed them, with measurements.
Ground
| Room | Size | Features |
|---|---|---|
| Bedroom | 4.35 × 3.87 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 4.66 × 3.87 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 5.15 × 4.75 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 4.80 × 4.48 m | 4 Pc Ensuite · W/O To Deck · W/O To Deck |
Second
| Room | Size | Features |
|---|---|---|
| Bedroom | 3.48 × 6.05 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 3.87 × 4.66 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 9.75 × 4.42 m | 4 Pc Ensuite · W/O To Deck · Separate Room |
Third
| Room | Size | Features |
|---|---|---|
| Bedroom | 4.20 × 6.40 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
| Bedroom | 4.66 × 3.87 m | 4 Pc Ensuite · Combined w/Br · Combined w/Kitchen |
Basement
| Room | Size | Features |
|---|---|---|
| Bedroom | 8.79 × 5.87 m | 4 Pc Bath · Window · Separate Room |
| Bedroom | 7.78 × 4.16 m | 4 Pc Bath · W/O To Yard · Separate Room |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 3-Storey
- Class
- Residential Freehold
- Fronting on
- South
- Community
- Moss Park
- Municipality
- Toronto C08
- Cross street
- Carlton St & Sherbourne St
- Zoning
- Cr1.5(C1;R1*1913)
Inside
- Bedrooms
- 11
- Bedrooms above grade
- 9
- Bathrooms
- 11
- Washrooms
- 2 on the lower floor · 4 on the main floor · 3 on the second floor
- Kitchens
- 11
- Rooms
- 11
- Rooms above grade
- 9
- Basement
- Finished
- Size
- 2500-3000
Building
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Concrete
- Other structures
- Shed
- Attached
- Yes
Parking
- Covered spaces
- 0
- Driveway spaces
- 2
- Total parking
- 2
- Features
- Lane
Land
- Lot
- 20.5 × 130 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Window Unit(s)
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- Other
Listing
- MLS number
- C13435706
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-12
- Expires
- 2026-10-12
- Taxes
- $13,200 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 4 times.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Winchester Junior and Senior Public School Toronto DSB | Elementary | 292 m | / 10 76% met the standard · 4 of 6 measures |
| Our Lady of Lourdes Catholic School Toronto CDSB | Elementary | 392 m | / 10 64% met the standard |
| St Martin Catholic School(OL of Lourdes Toronto CDSB | Elementary | 387 m | Not reported |
| Lord Dufferin Junior and Senior Public School Toronto DSB | Elementary | 448 m | / 10 55% met the standard |
| Collège français secondaire CS Viamonde | Secondary | 460 m | / 10 93% met the standard · 2 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 361 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35202842 — the few blocks around this address, home to 361 people. It describes the area, not this property.
Percentages are of the 210 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 8 still in progress.
Site Plan Approval for a 10-storey mixed use building with 60 purpose-built rental units and commercial uses at grade.
City planning file →Draft Plan of Subdivision to establish two development blocks with pedestrian and vehicular connections into and through the subject site.…
City planning file →Site Plan Approval application to permit three new buildings on the lands, comprising a 47-storey mixed-use building with 5,770 square metres of non-residential uses in the lower floors and 620 dwelling units, a 21-storey building with 300 dwelling units, and …
City planning file →*** Proposed Draft Plan of Condominium for a 39-storey mixed-use building containing 456 residential units.
City planning file →Site Plan Approval Application for a 42-storey mixed-use building having a non-residential gross floor area of 240 square metres and a residential gross floor area of 31,273 square metres.
City planning file →Site Plan Control application for a 15-storey residential building consisting of 192 residential units with a total gross floor area of 7,853 square metres, 4 parking spaces.
City planning file →Official Plan and Zoning By-law Amendment applications to permit three new buildings on the lands, comprising a 58-storey mixed-use condominium building with 4,060 square metres of non-residential uses in the lower floors and 741 dwelling units, a 21-storey pu…
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.