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184 Carlton Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C12995198

Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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184 Carlton Street
Cabbagetown-South St. James Town Toronto M5A 2K6

$998,000 /For Sale
Commercial

Main Photo: 184 Carlton Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C12995198
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12995198
Cabbagetown Mixed-Use Opportunity positioned at the gateway to historic Cabbagetown, offers a rare "value-add" opportunity for investors, developers, or owner-users. This two-story, mixed-use freehold property is a blank canvas requiring work to reach its significant market potential. With high visibility and a deep footprint, the property is perfectly suited for a retail space or boutique office with a premium residential unit above. The main floor is deep, high-ceilinged commercial space with prominent street-front display windows. The layout extends into a rear addition previously used as a workshop/storage area, complete with an existing two-piece washroom. Approximately 1500 Sq. Ft. G.F.A with access to the rear mutual lane. The 2nd floor (approx. 900 sq. ft. G.F.A): A sprawling, sun-filled apartment featuring high ceilings & original hardwood floors. The unit includes a large common area with French doors and a walkout to an expansive rear patio-a rare amenity in the downtown core. The roof membrane and shingles, fully replaced in March 2026, providing a secure envelope for the upcoming interior revitalization. This is a strategic acquisition for a buyer looking to capitalize on the rapid appreciation of the Sherbourne corridor. The property is being sold in "as-is" condition, offering a clean slate to reconfigure and modernize the space to achieve top-tier market rents.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
Yes
Total Area:
2400 sq. ft. Square Feet
Total Area:
2,400 sq. ft.
Retail Area:
1500 sq. ft. Sq Ft
Office/Apt Area:
900 sq. ft. Sq Ft
Lot Depth:
100'9½"
Lot Frontage:
19'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
CR 1.5 (c1.0; r1.0) SS2 (x1884)
Heating type:
Gas Hot Water
Garage:
None
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$19,574.26 / 2025
Assessment:
$- / 2025
Toronto
Toronto C08
Cabbagetown-South St. James Town
No
GB& E, Hot water tank, ELF's, All shelving, All work benches and counters.
Utilities:
Yes
Energy Certification:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Apr 14, 2026
Original Price:
Previous Price:
  • Photo 1: 184 Carlton Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C12995198
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Listed by SUTTON GROUP-ASSOCIATES REALTY INC.
Data was last updated April 15, 2026 at 03:15 AM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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Why Choose a Commercial Residential Property?

• Dual Income Potential – Earn from both residential tenants and commercial leases
• Ideal for Business Owners – Live and work in the same space or rent one out
• High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
• Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

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Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.