Outstanding investment opportunity in the heart of Toronto's rapidly growing College & Ossington corridor. This mixed-use building offers a newly renovated main-floor commercial tenant, and six residential units, including Four 2-bed and 1-bathroom units, and two large two-level 2-bedroom apartments on the upper floors with rooftop terraces. For added income, the roof has a cellular antenna, and there is a full basement for ample owner storage. The property benefits from flexible mixed-use zoning that permits a wide variety of residential and commercial uses. This makes the property attractive both as a stable income-generating asset today and as a potential redevelopment or intensification opportunity in the future. Situated at College and Ossington, one of Toronto's most dynamic intersections, the property enjoys excellent visibility, steady pedestrian traffic, and direct TTC access. The surrounding neighbourhood is home to some of the city's best restaurants, retail, and cultural destinations, ensuring strong tenant demand and long-term appreciation. Three rear parking spaces, including one dedicated to the commercial lease, add further convenience and value. This is a rare chance to acquire a turn-key mixed-use building in a thriving location with proven income, flexible zoning, and long-term growth potential, an ideal addition to any investor's portfolio.
Address
850 College Street
List Price
$6,000,000
MLS® Status
New
Expiration Date
2026-04-01
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
For Sale
Area
Toronto C01
Sub-Area
Palmerston-Little Italy
Region
Toronto
Bathrooms
10
Lot Depth
129.13
Lot Type
Lot
Lot Size Units
Feet
Lot Width
24.83
Total Building Area
9300
Occupant Type
Owner+Tenant
Cross Street
College St and Ossington Ave
MLS® Number
C12397967
Listing Brokerage
REVEL REALTY INC.
Basement
Yes
Postal Code
M6H 1A2
Posession Details
Flexible
Parking Spaces
3
Tax Amount
$33,778.48
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Lane
Tax Legal Description
PART OF LOT 4, BLOCK K, PLAN 329, CITY WEST, DESIGNATED AS PART 2 ON PLAN 66R21230. S/T INTEREST IN CT650279. T/W THE R/E OVER PT LT 4, BLK K, PL 329, DES. AS PT 1, PL 66R21230 UNTIL SUCH TIME THE SAID PART 1 HAS BEEN DEDICATED FOR PUBLIC LANE PURPOSES AS
Security Features
Yes
