406-409 - 120 Carlton Street
Toronto C08, ON
4,270 sqft • Office • 222 days on market
Opportunity to acquire four office condominium units within a well-established mixed-use Tridel complex constructed in 1984/85. 120 Carlton Street is positioned just east of the Yonge corridor in Downtown Toronto, benefitting from a walk score of 98 and employees and clients can easily access restaurants, services, and daily needs on foot. College Station (TTC Line 1 - Yonge-University) is approximately an 8-minute walk from the Property, and the 506 Carlton Streetcar provides an efficient alternative to walking. The units were fully gutted, made open concept, and comprehensively renovated approximately 5 years ago, with over $600,000 invested. Limited post-renovation utilization due to remote and hybrid work has resulted in the units being in exceptional condition and thereby reducing near-term capital requirements. Additional Legal Description: MTCP 676 Level A Unit 4 PKG, MTCP 676 Level 4 Unit 9 Level A Unit 27. 10 deeded underground parking spots included in purchase price.
Listing Details
- Taxes (2025)
- $16,919
- Originally Listed
- $2,499,000
- Listed
- January 12, 2026
Price History
Location & Legal
- Cross Street
- Carlton and Jarvis
- Zoning
- CR - Commercial Residential
- Possession
- Immediate
Commercial
- Business Type
- Other
- Occupancy
- Tenant
- Office / Apartment Area
- 4270 Sq Ft
Community
Postal area M5A
- Population
- 48,978
- Private dwellings
- 30,508
- Median age
- 36.4
- Average household size
- 1.8
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto C08 · last 12 months
- Median sold price
- $595,000
- Homes sold
- 1,638
- Median days on market
- 28
- Sale-to-list price
- 97.4%
Based on 1,638 recorded sales of commercial properties in Toronto C08 over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Commercial figures
- Building area
- 4,270 sq ft
- Price per sq ft
- $468.38
- Annual property tax
- $16,919
- Tax per sq ft
- $3.96
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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