278 Avenue Road
278 Avenue Road
$1,995,000
$729/sq ft · 10 days on market
About This Listing
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
| Monthly Mortgage (P&I) | $8,692 |
| Property Tax (MLS) | $1,642 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $10,334 |
Down payment: $399,000 (20.0%) · Mortgage: $1,596,000
Property tax uses MLS annual tax of $19,706/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
The Davies
Red Bricks Databy Brandy Lane Homes · 281 Avenue Road
Maint. Fees
0.75
Locker
$25,000
Occupancy
2023
Listing provided by SOTHEBY'S INTERNATIONAL REALTY CANADA
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Data last updated: August 22, 2026 at 02:26 p.m.