Discover the endless possibilities this charming and versatile commercial residential property has to offer! Ideally positioned in the heart of Cabbagetown right at the intersection of Carlton and Parliament, this unique building provides flexible living and work options. The main floor back office can easily serve as a second bedroom, while a long-term commercial tenant (Cabbagetown Business Improvement Area) ensures a steady income. Alternatively, expand the commercial footprint to the rear of the main floor to maximize storefront potential. Enjoy abundant natural light from a fantastic second-floor sundeck and a third floor walkout. Spacious principal rooms offer character and functionality, while the fully fenced courtyard-style outdoor space is ready to be reimagined. Plus, with two-car parking right at your back door, ideal for a multi-unit property. Situated in the heart of the Cabbagetown Heritage Conservation District, this property fall sunder Part V of the Ontario Heritage Act. With a commercial space comprising 21% of the total square footage, buyers may have the opportunity to explore residential financing options. Do not miss this rare opportunity to make it your own!