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684 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01) : MLS®# C12877878

684 College Street Toronto M6G 1C1 : Palmerston-Little Italy

Main Photo: 684 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C12877878
$1,900,000 /For Sale
Prop. Type:
Commercial
MLS® Num:
C12877878
Status:
Active
Little Italy 3 Storey Mixed Use Building With Parking For Sale. 1 Commercial Ground Floor Unit + 3 Residential Units. Building Completely Vacant. Dream Opportunity To Start Your Own Business Or Rent Our Entire Building At Market Rents. Previous Rental Rates For Units Are As Follows: Main Floor Commercial Unit $3900/mth Gross Lease, Rear One Bedroom $1900/mth, 2nd Flr 2 Bedroom $2800/mth, 3rd Flr 2 Bedroom $2800/mth. All Units Plus Hydro W/ Sep Meters. 5 Hydro Meters In Total. Potential Annual Income $136,800 "As Is". Insurance $6,000/yr, Common Area Hydro $1,200/yr, Gas $3,500/yr, Water $3,700/yr. Opportunity For Value-Add Investor To Increase Income With Some Cosmetic Renovations. 1 Parking Spot In Rear Garage. Bsmt With Separate Entrance Also Has Potential For Additional Unit. Mechanically The Building Is Well Updated With No Major Cap-Ex Necessary. Positioned Along One Of The Most Desirable Sections Of College Street, This Building Sits In The Middle Of Toronto's Vibrant Little Italy District. The Area Is Known For Its Popular Eateries, Specialty Retailers, Local Markets, And Lively Coffee Spots That Draw Constant Foot Traffic. Convenient Streetcar Service Directly Outside The Property Makes Commuting Easy For Both Visitors And Occupants. Whether The Goal Is To Secure Dependable Rental Revenue, Create A Combined Residential And Workspace Environment, Or Simply Hold A Valuable Asset For The Future, The Property Offers Significant Flexibility. This Is A Rare Chance To Acquire A Versatile Investment In One Of Downtown Toronto's Most Dynamic And Sought-After Neighbourhoods.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
3300 sq. ft. Square Feet
Total Area:
Switch units of measure3,300 sq. ft.
Retail Area:
750 sq. ft. Sq Ft
Office/Apt Area:
2550 sq. ft. Sq Ft
Lot Depth:
Switch units of measure99'10"
Lot Frontage:
Switch units of measure23'6½"
Bathrooms:
4.0
Water supply:
Municipal
Zoning:
CR3 (c1;r2.5*2437)
Heating type:
Water Radiators
Garage:
Covered
Parking Spaces:
1
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$17,500 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Palmerston-Little Italy
No
4 HWTs
LA To Provide
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Mar 12, 2026
Original Price:
Previous Price:
Listed by RE/MAX WEST REALTY INC.
Data was last updated May 24, 2026 at 09:15 PM (UTC)