{"id":543871,"date":"2026-03-18T05:26:12","date_gmt":"2026-03-18T05:26:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/543871\/"},"modified":"2026-03-18T05:26:12","modified_gmt":"2026-03-18T05:26:12","slug":"entire-vintage-toronto-apartment-building-is-selling-for-10-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/543871\/","title":{"rendered":"Entire vintage Toronto apartment building is selling for $10 million"},"content":{"rendered":"

It’s not every day you see an entire apartment building hit the market in downtown Toronto \u2014 especially one that isn’t immediately destined to be torn down and replaced with a glass tower.<\/p>\n

But here’s 677 College St.<\/p>\n

This early 20th-century walk-up, originally built in 1910, is\u00a0listed for $9,990,000<\/a>, down\u00a0from $10,800,000<\/a>.<\/p>\n

\"677<\/p>\n

The hallway.\u00a0<\/p>\n

And while it’s not exactly overflowing with modern perks, it’s sitting on something arguably more valuable: location, location, location.<\/p>\n

Set right along a bustling stretch of College Street, the building is surrounded by\u00a0buzzy restaurants, independent shops, late-night bars, and caf\u00e9s that are packed from morning to night.<\/p>\n

Add in easy TTC streetcar access running straight through the core, and the location\u00a0practically sells itself.<\/p>\n

Plus, you’re just minutes from Kensington Market, Little Italy,\u00a0Trinity Bellwoods Park, and the University of Toronto.<\/p>\n

\"677<\/p>\n

The foyer.\u00a0<\/p>\n

The property itself is a purpose-built rental with 32 bachelor units, and a\u00a0past listing pegged the gross rental income at $228,660<\/a> when fully tenanted.<\/p>\n

But right now, 15 of those units are vacant.<\/p>\n

In Toronto’s rental market, that’s not necessarily a red flag but could\u00a0be a great opportunity.<\/p>\n

Because while the building is clearly showing its age (no laundry facilities, for starters), that level of vacancy opens the door for a full repositioning. Renovate, upgrade, increase rents \u2014 the classic value-add play.<\/p>\n

And given the ongoing demand for small, centrally located units, especially bachelor apartments, the upside could be significant.<\/p>\n

Of course, this isn’t exactly a turnkey investment. A building from 1910 comes with\u2026 character. And, considering it was originally listed in\u00a0“as is” condition,\u00a0likely a long to-do list.<\/p>\n

\"677<\/p>\n

Another hallway.<\/p>\n

But for the right buyer \u2014 someone willing to take on the project \u2014 this is the kind of opportunity that doesn’t come around often: a sizeable multi-residential asset in one of Toronto’s most desirable west-end pockets, with built-in potential to transform and grow.<\/p>\n

Because in a city where even tiny condos are pushing eye-watering prices, an entire 32-unit building on College Street?<\/p>\n

That’s what landlord dreams are made of.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"It’s not every day you see an entire apartment building hit the market in downtown Toronto \u2014 especially…\n","protected":false},"author":2,"featured_media":543872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[212143,49,48,551,33923,3302],"class_list":["post-543871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-212143","tag-ca","tag-canada","tag-college","tag-street","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/543871","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=543871"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/543871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/543872"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=543871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=543871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=543871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}