17 Paton Road
17 Paton Road
$4,500,000
$900/sq ft · 1 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $19,606 |
| Property Tax (MLS) | $1,604 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $21,210 |
Down payment: $900,000 (20.0%) · Mortgage: $3,600,000
Property tax uses MLS annual tax of $19,245/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
Listing provided by LPT REALTY
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Data last updated: August 23, 2026 at 10:26 a.m.