850 COLLEGE STREET, Toronto (Palmerston-Little Italy), Ontario, M6H1A2

Property Description

Outstanding investment opportunity in the heart of Toronto's rapidly growing College & Ossington corridor. This mixed-use building offers a newly renovated main-floor commercial tenant, and six residential units, including Four 2-bed and 1-bathroom units, and two large two-level 2-bedroom apartments on the upper floors with rooftop terraces. For added income, the roof has a cellular antenna, and there is a full basement for ample owner storage. The property benefits from flexible mixed-use zoning that permits a wide variety of residential and commercial uses. This makes the property attractive both as a stable income-generating asset today and as a potential redevelopment or intensification opportunity in the future. Situated at College and Ossington, one of Toronto's most dynamic intersections, the property enjoys excellent visibility, steady pedestrian traffic, and direct TTC access. The surrounding neighbourhood is home to some of the city's best restaurants, retail, and cultural destinations, ensuring strong tenant demand and long-term appreciation. Three rear parking spaces, including one dedicated to the commercial lease, add further convenience and value. This is a rare chance to acquire a turn-key mixed-use building in a thriving location with proven income, flexible zoning, and long-term growth potential, an ideal addition to any investor's portfolio. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 10
• Living Area: 9,300 sq ft (864.0 m²)
• Parking: 3 spaces
• Frontage: 25 ft (7.6 m)

Costs

• Annual Taxes: $33,778.48

Listing Provided by: REVEL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.