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Residential Commercial Mix for sale: 198 1/2 CARLTON STREET, Toronto
198 1/2 Carlton Street
$799,000
Toronto , Ontario M5A2K8
4 bed
2 bath
About the Property

Cross Streets: Carlton & Parliament St. ** Directions: Google Maps. 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. (id:27476)

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Property Details
MLS® Number
C13708838
Type
Single Family
Community Name
Cabbagetown-South St. James Town
Land Size
18.41 x 100 FT
Parking Space Total
1
Building
Building Type
Residential Commercial Mix
Storeys
2
Bathrooms Total
2
Bedrooms Above Ground
4
Bedrooms Total
4
Exterior Finish
Brick
Fireplace Present
Yes
Basement Type
Full (Unfinished)
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
None
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: RARE REAL ESTATE

$799,000 - 198 1/2 CARLTON STREET, Toronto Ontario M5A 2K8, Canada | Real Estate For Sale | HomeAds.ca

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Updated August 25th 2026 1:36 pm

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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