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MLS® C12397967
Palmerston-Little Italy, Toronto, ON
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.
Inclusions
All existing appliances, all electric light fixtures(excluding any belonging to a tenant), and all HVAC.
Exclusions
Tenants belongings
Broker
REVEL REALTY INC.
Neighbourhood
Palmerston-Little Italy
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Commercial Retail
850 College Street Toronto
Palmerston-Little Italy
Type
Commercial Retail
Parking
Lane
Property Tax
~$33,778/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
9300 sqft
Parking
Lane
Finances
List Price
$6,000,000
Price per SQFT
$645/sqft
Property Tax
~$33,778/yr
Property Specs
Property Type
Commercial Retail
MLS Size
9300 sqft
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
Palmerston-Little Italy
Listed On
Sep 11, 2025
Days on Market
Current: 424 days
Room information is not available for this listing.
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