{"id":491547,"date":"2026-02-22T06:59:10","date_gmt":"2026-02-22T06:59:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/491547\/"},"modified":"2026-02-22T06:59:10","modified_gmt":"2026-02-22T06:59:10","slug":"graffiti-covered-toronto-building-relisted-for-6m-after-failing-to-sell-at-2m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/491547\/","title":{"rendered":"Graffiti-covered Toronto building relisted for $6M after failing to sell at $2M"},"content":{"rendered":"

If you’ve been paying attention to Toronto real estate<\/a> lately, you know price drops are the norm \u2014 not multi-million-dollar price hikes.<\/p>\n

But 86 Dalhousie St. clearly didn’t get that memo.<\/p>\n

The graffiti-covered mixed-use building, located steps from Church St. and Dundas near Toronto Metropolitan University (TMU), has just hit the market for\u00a0$5,880,000<\/a>\u00a0\u2014 despite being listed for just $1,850,000\u00a0last year<\/a>.<\/p>\n

\"86<\/p>\n

An aerial shot of the building.\u00a0<\/p>\n

So what changed? Honestly\u2026 not much. Except for the pitch.<\/p>\n

Last year’s listing<\/a> positioned the building as a boutique four-unit apartment asset with serious upside for investors willing to roll up their sleeves.<\/p>\n

\"86<\/p>\n

The construction office.\u00a0<\/p>\n

Now, the marketing leans heavily into its mixed-use possibilities, pitching it as a blank canvas for schools, clinics, dorm-style housing, or commercial conversion.<\/p>\n

Located in one of downtown’s busiest pockets, 86 Dalhousie St. sits right in the middle of a neighbourhood that’s been rapidly reshaped by the expansion of TMU, the constant buzz of Yonge-Dundas Square, and the endless foot traffic flowing between the Eaton Centre and the Dundas streetcar line.<\/p>\n

Right now, the building itself is more “opportunity”\u00a0than turnkey investment.<\/p>\n

Configured as four separate units, the layout includes a large multi-bedroom apartment on the second floor, a two-bedroom unit and bachelor suite on the main level, and an unfinished basement space that still houses working furnaces and utilities.<\/p>\n

\"86<\/p>\n

A photo of the kitchen from last year’s listing.\u00a0<\/p>\n

The property was previously used as a construction office and will be sold vacant, leaving the future wide open for whoever takes it on next.<\/p>\n

And that future could look wildly different depending on who buys it.<\/p>\n

The zoning reads like a developer’s wish list \u2014 allowing everything from retail shops and restaurants to medical offices, student housing, wellness centres, and even a potential six-storey redevelopment thanks to as-of-right density permissions.<\/p>\n

In a city where flexibility is often the real luxury, that kind of zoning is doing a lot of heavy lifting when it comes to the new price tag.<\/p>\n

There’s also a financial carrot being dangled: the listing advertises a vendor take-back (VTB) mortgage, allowing buyers to put down 25 per cent while the seller carries financing at current bank rates for a five-year term \u2014 a move that could make the ambitious price tag a little more palatable in today’s higher-rate environment.<\/p>\n

Of course, that nearly $4-million price jump raises eyebrows, especially in a market where projects are getting shelved<\/a> left, right, and centre due to soft demand and rising construction costs.<\/p>\n

\"86<\/p>\n

The exterior of the building.\u00a0<\/p>\n

But whether it becomes student housing, a wellness centre, a retirement home, or a retail-heavy redevelopment, one thing feels certain: whoever buys 86 Dalhousie St. isn’t just buying a building \u2014 they’re buying a zoning by-law with big ambitions.<\/p>\n

And in Toronto real estate, sometimes that’s where the real value lives.<\/p>\n","protected":false},"excerpt":{"rendered":"If you’ve been paying attention to Toronto real estate lately, you know price drops are the norm \u2014…\n","protected":false},"author":2,"featured_media":491548,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[197409,49,48,166109,33923,3302],"class_list":["post-491547","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-197409","tag-ca","tag-canada","tag-dalhousie","tag-street","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/491547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=491547"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/491547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/491548"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=491547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=491547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=491547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}