Share
$799,000
Ontario,Toronto (Cabbagetown-South St. James Town)
For Sale Active
198 1/2 CARLTON STREET, Toronto (Cabbagetown-South St. James Town), Ontario M5A2K8
  • 4
  • 2
Basic Details
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. (id:62650)

Read More
Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: C13708838
  • Price: $799,000
  • Bedrooms: 4
  • Bathrooms: 2
  • Status: Active
  • Office Name: RARE REAL ESTATE
  • Property Sub Type: Single Family
  • Office Key: 294498
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat
  • Cooling System: None
  • Basement: Full, Unfinished
  • Parking: Detached Garage, Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Toronto (Cabbagetown-South St. James Town), M5A2K8
  • Street: Carlton
  • Street Number: 198 1/2
  • Street Suffix: Street
  • Longitude: W80° 37' 44.5''
  • Latitude: N43° 39' 49.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 18.41 x 100 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 8056.77
Powered by REALTOR.ca
Listing updated: 2026-08-25 18:50:22
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Listing Information
  • List Agent Key: 1900074
  • List Office Key: 294498
  • Modification Timestamp: 2026-08-25T02:35:18Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-08-25T02:25:12Z
Powered by REALTOR.ca
Listing updated: 2026-08-25 18:50:22
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By‐Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non‐commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

By continuing to use this website and its services, you agree to these

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as part of their Mere Posting ComFree Listing Contract and in partnership with Imperium LLP – Rocky Kim.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!