MLS® listing
17 Paton Road: home for sale
$4,500,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Approximate age | 51-99 |
| Style | 3-Storey |
| Lot width | 57.58 |
| Lot depth | 112.96 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 8 |
| Garage | None |
| Heating | Radiant |
| Cooling | None |
| Kitchens | 0 |
| Property tax | $19,245 |
| Tax year | 2025 |
| Interior features | Brick & Beam, Carpet Free |
| View | Downtown |
Listing courtesy of LPT REALTY. MLS® W13632128.
About this home
17 Paton Road is a home in TRREB's Dovercourt-Wallace Emerson-Junction community in Toronto, listed for sale at $4,500,000. The listing shows 0 bathrooms and 5000 + square feet. The style is given as 3-storey. The lot is listed as 57.58 by 112.96 feet. It comes with 8 parking spaces according to the listing. The nearest main intersection given is BLOORWEST /LANSDOWNE AVE. The age is listed as 51-99 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 17 Paton Road
At the asking price of $4,500,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $4,500,000 |
|---|---|
| Ontario land transfer tax | $98,975 |
| Toronto municipal land transfer tax | $132,725 |
| Both taxes | $231,700 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $900,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $19,245 a year, about $1,604 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as radiant.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 57.58 by 112.96 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
Similar homes for sale in Toronto
$349,8003151 BRIDLETOWNE Circle 507, Toronto, ON M1W 2T15 bedrooms · 2 bathrooms · Condo ApartmentListed by PROMPTON REAL ESTATE SERVICES CORP.. MLS® E13846420
$3,495,00045 Heath Street W, Toronto, ON M4V 1T24 bedrooms · 4 bathrooms · Semi-DetachedListed by FOREST HILL REAL ESTATE INC.. MLS® C13875390
$649,999205 Sherway Gardens Road 1010, Toronto, ON M9C 0A52 bedrooms · 2 bathrooms · Condo ApartmentListed by HOMELIFE/MIRACLE REALTY LTD. MLS® W13875386
$739,00085 Albani Street #3, Toronto, ON M8V 1X32 bedrooms · 1 bathroom · Condo TownhouseListed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS® W13853350
$989,00025 Lehar Crescent, Toronto, ON M2H 1J44 bedrooms · 2 bathrooms · DetachedListed by PROMPTON REAL ESTATE SERVICES CORP.. MLS® C13875380
$599,999703 Willard Avenue, Toronto, ON M6S 3S71 bedroom · 1 bathroom · DetachedListed by SUTTON GROUP-ADMIRAL REALTY INC.. MLS® W13862896
Questions about 17 Paton Road
How much is land transfer tax on 17 Paton Road?
At the asking price of $4,500,000 the Ontario tax is $98,975 and the Toronto tax is $132,725, $231,700 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 17 Paton Road?
$900,000 at the asking price of $4,500,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 17 Paton Road?
The listing shows $19,245 a year for 2025, about $1,604 a month.
How do I book a showing for 17 Paton Road?
Use the form on this page or call us. Quote MLS® W13632128. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 17 Paton Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.