278 Avenue Road

Toronto C02, ON

2,736 sqft
Commercial Retail
74 days on market

$1,995,000

Attention Developers, Investors & Entrepreneurs! Welcome to the prestigious Republic of Rathnelly neighbourhood, one of Toronto's most sought-after locations. A rare opportunity to own a prime mixed-use property offering endless possibilities for a customized live/work space, professional office, income-generating rental units, or future redevelopment. Zoning along this stretch of Avenue road permits a mix of residential and commercial uses, making this an exceptional investment in a highly desirable area. This full three-storey brick semi-detached building is ready for your vision. Whether you're looking to create a unique residence offering a business below, design modern office space, or renovate into residential rental units, the potential is outstanding. The property also features a newer detached four-car garage accessed via the rear laneway, which provides valuable private parking or additional flexibility. A short walk to Summerhill, Yorkville, and Yonge & Bloor, with convenient TTC access and only a 10-minute walk to Summerhill or Dupont subway stations. Minutes to Toronto's downtown core. Sold as is, where is, this property presents an incredible opportunity to renovate, reimagine, and make it your own. Listing is also on residential MLS

Listing Details

Taxes (2026): $19,706
Listed: July 2, 2026

Price History

Listing history

Property

Lot Size: 20.25 x 120.79 Feet

Parking

Garage: Single Detached

Location & Legal

Cross Street: Avenue Rd / Dupont St
Zoning: CR1.5(c1;r1*1966)
Parcel Number: 212180198
Possession: Immediate
Occupancy: Vacant

Commercial

Business Type: Other

Included

Inclusions: House is being sold AS IS

Community

Postal area M4V

Population: 19,273
Private dwellings: 11,403
Median age: 45.2
Average household size: 1.9
Median household income: $99,000

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 C02 · last 12 months

Median sold price: $1,250,000
Homes sold: 729
Median days on market: 25
Sale-to-list price: 97.2%

Based on 729 recorded sales of commercial properties in Toronto C02 over the last 12 months.

Listed by

SOTHEBY'S INTERNATIONAL REALTY CANADA

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 2,736 sq ft
Price per sq ft: $729.17
Annual property tax: $19,706
Tax per sq ft: $7.20

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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