674 College Street

Palmerston-Little Italy, Toronto, M6G 1B8

$65,000

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Listed 147 days ago · MLS® C13172806

About this home

Excellent opportunity to own a dry cleaning/laundry business in the heart of Toronto's vibrant Little Italy on College Street. Located in a high-visibility commercial corridor surrounded by restaurants, cafes, retail shops, residential neighbourhoods, and strong pedestrian traffic. Ideal for an owner-operator or entrepreneur looking for an affordable business opportunity in a prime downtown location. Existing use is dry cleaning/laundry, with potential to continue the current operation or reposition the space subject to landlord approval and applicable regulations. Do not go direct. Please book all showings through the listing brokerage. Rent $3559.5 hst&tmi included.

Details

Type
Sale Of Business
Lot
12 × 13 ft
Garage
Street
Property tax
$1 (2026)
Neighbourhood
Palmerston-Little Italy
Municipality
Toronto C01

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes

More

Possession
TBA
Cross street
College/Grace
Business type
Dry Cleaning/Laundry

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Christie Subway15 min walk
  • 🚇 Ossington Subway17 min walk
  • 🚆 Exhibition GO2.1 km

Within a 10-minute walk: 11 grocery stores, 225 cafés and restaurants, 10 parks, 21 pharmacies. Nearest grocery: College Fruit Market (50 m). Nearest park: Grace - College Parkette (150 m).

Schools nearby

Elementary

  • St. Francis of Assisi Catholic School Catholic
    EQAO: Gr 6 reading 90%, math 60%
    3 min walk
  • Clinton Street Junior Public School
    EQAO: Gr 6 reading 96%, math 84%
    6 min walk
  • Montrose Junior Public School
    EQAO: Gr 6 reading 100%, math 70%
    6 min walk
  • École élémentaire Pierre-Elliott-Trudeau French
    EQAO: Gr 6 reading 95%, math 91%
    6 min walk

Secondary

  • Delta Senior Alternative School6 min walk
  • Horizon Alternative Senior School7 min walk
  • Central Toronto Academy Private
    EQAO: Gr 9 math 47%, literacy test 91%
    7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6G

Owners / renters
49% / 51%
Median household income
$91,000
Average age
43
Children under 15
12%
Homes
13% detached, 8% high-rise
Commute by transit
25%
Population
30,600

Languages spoken most at home besides English: Portuguese 3.2%, Yue (Cantonese) 2.6%, Italian 1.6%, Greek 1.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Palmerston-Little Italy (2025): about the Toronto average, up 15% from the year before.

  • Assaultabout average
  • Break and enter35% above average
  • Auto theft49% below average
  • Robbery45% above average
  • Theft from vehicles33% below average
  • Shootingsabout average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 2 active

  • 833 COLLEGE ST · 500 m
    Site Plan · Under Review · applied 2022
    INACTIVE Proposed development consists of a six (6) storey mixed-use building including 58.4 square metres of commercial space at grade and 5 residential…
    Application details
  • 221 ROXTON RD · 350 m
    Site Plan · NOAC Issued · applied 2022
    An 8-storey mixed-use building.
    Application details
  • 221 ROXTON RD · 350 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2022
    Official Plan and Zoning By-law Amendment application for an 8-storey mixed use building. The Official Plan Amendment is required to redesignate a portion of…
    Application details
  • 65 GRACE ST · 450 m
    Site Plan · Closed · applied 2021
    Site Plan Approval for a one-storey addition to the existing daycare facility on the northern side of the existing three-storey school. The proposed addition…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 3 km. Transit times · Driving times

Coming transit

  • 🚧 King West GO Transit1.7 km
  • 🚧 Chinatown 1.8 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

14 permits on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

90 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by BAY STREET GROUP INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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