For sale

This one's priced below recent comparable sales, and 14 days on market. Here's everything I've got — ask me anything about it.

Toronto · Toronto Region · Cabbagetown-South St. James Town

198 1/2 Carlton Street

Store W Apt/Office

MLS® #C13708838

Listed for$799,00014 days on market

4 bed 2 bath 1 parking 2000-2500 sq ft~$355/sq ft

14 days on market
18 schools within 1 km
Streetcar ~20 m

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Is $799,000 a fair price?

Our read: it’s priced below recent comparable sales — based on 3 sales nearby. Sign in free to see exactly how far below it is, plus the full range comparable homes sold in.

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Measured against 3 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$4,389/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

18 schools within ~1 km · nearest streetcar ~0.02 km

Property information

What house buyers ask first

Lot size: 18.41 × 100 ft
Square footage: 2000-2500 sq ft
Property tax: $8,057 / yr
Parking: 1 space · Detached
Basement: Full, Unfinished

Property summary

Property type: Store W Apt/Office
Style: 2-Storey
Lot size: 18.41 × 100 ft
Parking: 1 space · Detached
Heating: Radiant
Air conditioning: None
Basement: Full, Unfinished
Kitchens: 1
Exterior: Brick
Property tax: $8,057 / yr
MLS®: C13708838

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

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$415,000

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159 Dundas Street E, Unit 1809

1 bed · 1 bath·500-599 sq ft·$508/mo fee

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$649,999

Below recent sales

585 Bloor Street E, Unit 2017

2 bed · 2 bath·800-899 sq ft·1 parking·$765/mo fee

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Listed 4 days ago · Smart Sold Realty

Condo Apartment

$499,000

Above recent sales

159 Wellesley Street E, Unit 404

1+1 bed · 2 bath·500-599 sq ft·1 parking·$667/mo fee

Toronto

Listed 4 days ago · Remax Your Community Realty

Condo Apartment

$485,000

Above recent sales

365 Church Street, Unit 603

1 bed · 1 bath·500-599 sq ft·$534/mo fee

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Listed 3 days ago · Right At Home Realty

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$399,990

Above recent sales

251 Jarvis Street, Unit 12

1+1 bed · 1 bath·0-499 sq ft·$528/mo fee

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Listed 4 days ago · eXp Realty

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$720,000

Above recent sales

575 Bloor Street E, Unit 508

2 bed · 2 bath·700-799 sq ft·$699/mo fee

Toronto

Listed 3 days ago · Right At Home Realty

The numbers that matter

Property tax: $8,057/yr
Est. all-in: ~$4,389/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

Winchester Junior and Senior Public SchoolPublic · Elementary & Secondary · Toronto DSB0.2 km
Our Lady of Lourdes Catholic SchoolCatholic · Elementary & Secondary · Toronto CDSB0.4 km
St Martin Catholic School(OL of LourdesCatholic · Elementary & Secondary · Toronto CDSB0.4 km
Lord Dufferin Junior and Senior Public SchoolPublic · Elementary & Secondary · Toronto DSB0.4 km
Canada's National BalletPrivate · Elementary & Secondary · ..0.5 km
Jarvis Collegiate InstitutePublic · Secondary · Toronto DSB0.5 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Ontario StreetNearest transit · Streetcar~20 m
Glen RoadNearest subway · Subway~990 m
Toronto Union StationNearest GO / rail · GO / regional rail~2.3 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Toronto

$765KMedian sold

31Median days on market

98.7%Sale-to-list

Median sold price · Toronto1-yr -10% · 3-yr —

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Toronto

2,794,356Population (2021)

39.6Median age

$84,000Median household income

51.9%Home owners

48.1%Renters

2.4Avg household size

Source: Statistics Canada, 2021 Census

Description & details

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.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RARE REAL ESTATE. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.