Rare opportunity to acquire a circa 1927 brick-and-beam industrial building in downtown Toronto. This 3.5-storey mixed use property features character rich industrial architecture and has historically been occupied as live/work residential units. Flexible mixed use industrial/residential zoning permits a variety of potential uses, including owner-occupancy, creative office, studio, residential conversion, or redevelopment, subject to applicable approvals. 17 Paton Road occupies a prime downtown location and offers significant redevelopment potential. For purchasers seeking a larger development footprint, the adjacent properties at 21 and 23 Paton Road (listed separately on MLS) may be available for assembly. The property currently requires substantial renovations before occupancy or continued use. The building's main entrance is located on the north side facing Paton Road and provides access to the front stairwell serving the northern units on each floor. A secondary entrance at the southwest corner provides access to the rear stairwell serving the southern units. The building contains five units per floor, ranging from studio to two-bedroom layouts, generally configured as residential live-work accommodations with kitchens and three-piece washrooms. Property is being sold on an "as is, where is" basis, with no representations or warranties by the Seller.
Address
17 Paton Road
List Price
$4,500,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Other
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto W02
Sub-Area
Dovercourt-Wallace Emerson-Junction
Region
Toronto
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
112.96
Lot Size Units
Feet
Lot Width
57.58
Parcel Number
213300557
Occupant Type
Vacant
Cross Street
BLOORWEST /LANSDOWNE AVE
Approx. Age
51 - 99 Years
MLS® Number
W13632128
Listing Brokerage
LPT REALTY
| HOMELIFE KINGSVIEW REAL ESTATE INC.
Postal Code
M6H 1R7
Posession Details
FLEX
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$19,245.00
Tax Year
2025
Interior Features
Brick & Beam, Carpet Free
Cable
Available
Central Vacuum
No
Hydro
Available
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
UFFI
No
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Pool Features
None
Roof
Tar and Gravel, Unknown
Tax Legal Description
PT LT 23 PL 342 OR PL 392 NORTH WEST ANNEX AS IN CT132983
View Type
Downtown
Waterfront
No