Kaija Pitt
Direct: 416-371-9447
Office: 416-960-9995
Sotheby’s Canada
1867 Yonge Street, Suite 100
Toronto ON M4S 1Y5 CA

South Hill

North of downtown Toronto, the neighbourhood of South Hillis dominated by a steep escarpment which allows residents here to enjoy stunning panoramic views of the city.Casa Loma, a castle-like mansion built in the early 1900s, is a Toronto landmark and popular tourist destination.


In the late 19th century, South Hill became home to some of Toronto’s wealthiest citizens. Atop the hill, a series of majestic manors were home to some of Toronto’s most influential residents. Senator John Macdonald built Oaklands, which today is part of the private De La Salle College. The Eaton family built Ardwold Estate and James Austin built Spadina House, which is now a museum. Many of the manors that were built on the hill have been demolished or converted to other uses. South Hill remains an upscale neighborhood in Toronto, and even features its own independent (and unofficial) republic, Rathnelly. This midtown community of about 250 homes, banded together in the 1960s to protest various proposed city developments including a roadway that would bisect their neighbourhood. Now the neighbourhood is home for many artists, musicians, writers, journalists and academics.


Defined by Avenue Road, South Hill contains some of the largest houses in Toronto. Mixed in with upscale homes are relatively new condominiums as well as some upscale rental apartment buildings. Families here appreciate the close proximity to some of the most highly regarded public, private and Catholic schools. South Hill is also close to George Brown College, and the Tarragon Theatre – Toronto’s leading venue for independent drama. South Hill is walking distance to the Royal Ontario Art Museum, University of Toronto, Yorkville, Bloor Street and the multi-cultural shops and festivals on St. Clair.


Joggers and those who love going for walks will appreciate the well-lit and family-friendly Nordheimer Ravine, which connects to Toronto’s Beltline Trail. Nearby is Winston Churchill Park, favoured for its running track, playground, and 10 tennis courts. The St. Clair Reservoir is popular with dog walkers.

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278 Avenue Road
Casa Loma Toronto M4V 2G7

$1,749,000 /For Sale
Commercial

Main Photo: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 1: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 2: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 3: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 4: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 5: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 6: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13778938
Bus Major:
Other
Attention Developers, Investors & Entrepreneurs! Welcome to the prestigious Republic of Rathnelly neighbourhood, one of Toronto's most sought-after locations. A rare opportunity to own a prime mixed-use property offering endless possibilities for a customized live/work space, professional office, income-generating rental units, or future redevelopment. Zoning along this stretch of Avenue road permits a mix of residential and commercial uses, making this an exceptional investment in a highly desirable area. This full three-storey brick semi-detached building is ready for your vision. Whether you're looking to create a unique residence offering a business below, design modern office space, or renovate into residential rental units, the potential is outstanding. The property also features a newer detached four-car garage accessed via the rear laneway, which provides valuable private parking or additional flexibility. A short walk to Summerhill, Yorkville, and Yonge & Bloor, with convenient TTC access and only a 10-minute walk to Summerhill or Dupont subway stations. Minutes to Toronto's downtown core. Sold as is, where is, this property presents an incredible opportunity to renovate, reimagine, and make it your own. Listing is also on residential MLS
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
2736 sq. ft. Square Feet
Total Area:
2,736 sq. ft.
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
120'9½"
Lot Frontage:
20'3"
Water supply:
Municipal
Zoning:
CR1.5(c1;r1*1966)
Heating type:
Electric Hot Water
Garage:
Single Detached
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$19,705.7 / 2026
Assessment:
$- / -
Toronto
Toronto C02
Casa Loma
No
None
Utilities:
None
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Other
Category:
Multi-Use
Date Listed:
Sep 14, 2026
Original Price:
$1,749,000
  • Photo 1: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 1 of 6
  • Photo 2: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 2 of 6
  • Photo 3: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 3 of 6
  • Photo 4: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 4 of 6
  • Photo 5: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 5 of 6
  • Photo 6: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 6 of 6
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
Data was last updated September 16, 2026 at 07:15 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.