Address
198 1/2 Carlton Street, Toronto, ON
Price
$ 799,000
Property Attributes
- ID#C13708834
- TypeCommercial
- Listing Status Sold Conditional
- CityToronto
- AreaCabbagetown-South St. James Town
- NeighbourhoodCabbagetown-South St. James Town
- Postal CodeM5A 2K8
- StyleStore W Apt/Office
- Taxes$ 8056
- Price$ 799,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2678
Data Source:
Toronto Real Estate Board (TRREB)
Property Description
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 History | |
|---|---|
| 8/25/2026 | Listed $799,000 |
General Features
| Cooling | No |
|---|---|
| Utilities | Yes |
| Security Features | No |
| Heater Type | Radiant |
| Property Subtype | Store W Apt/Office |
| Tax Year | 2026 |
| Lot Depth | 100.0 |
| County | Toronto |
| New Construction | No |
| Property Type | Commercial |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Sold Conditional |
| City | Toronto C08 |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 8056.77 |
| Virtual Tour | https://listings.reidmediaagency.ca/video/NFxI3Ibd965twnSmQjXNqzHT02QsGN4BlNrbJEBQmZQE |
| Building Area Units | Square Feet |
| Standard Status | Active Under Contract |
| Occupancy Type | Vacant |
| Legal Description | PT LT 1 PL 214E TORONTO AS IN CA215206; CITY OF TORONTO |
Interior Features
| Basement (Y/N) | Yes |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Elevator? | No |
Exterior Features
| Garage Type | Lane |
|---|---|
| Spa | No |
| Building Area Total | 2678.0 |
| Waterfront Y/N | No |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in M5A 2K8
Price
Taxes
Visits
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- Type
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- Size
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194a Carlton Street
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- Type
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- Size
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418 - 120 Carlton Street
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- Type
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- Size
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Listed by: KELLER WILLIAMS REFERRED URBAN REALTY
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating