It's not every day you see an entire apartment building hit the market in downtown Toronto — especially one that isn't immediately destined to be torn down and replaced with a glass tower. But here's 677 College St. This early 20th-century walk-up, originally built in 1910, is listed for $9,990,000 , down from $10,800,000 . The hallway. And while it's not exactly overflowing with modern perks, it's sitting on something arguably more valuable: location, location, location. Set right along a bustling stretch of College Street, the building is surrounded by buzzy restaurants, independent shops, late-night bars, and cafés that are packed from morning to night. Add in easy TTC streetcar access running straight through the core, and the location practically sells itself. Plus, you're just minutes from Kensington Market, Little Italy, Trinity Bellwoods Park, and the University of Toronto. The foyer. The property itself is a purpose-built rental with 32 bachelor units, and a past listing pegged the gross rental income at $228,660 when fully tenanted. But right now, 15 of those units are vacant. In Toronto's rental market, that's not necessarily a red flag but could be a great opportunity. Because while the building is clearly showing its age (no laundry facilities, for starters), that level of vacancy opens the door for a full repositioning. Renovate, upgrade, increase rents — the classic value-add play. And given the ongoing demand for small, centrally located units, especially bachelor apartments, the upside could be significant. Of course, this isn't exactly a turnkey investment. A building from 1910 comes with… character. And, considering it was originally listed in "as is" condition, likely a long to-do list. Another hallway. But for the right buyer — someone willing to take on the project — this is the kind of opportunity that doesn't come around often: a sizeable multi-residential asset in one of Toronto's most desirable west-end pockets, with built-in potential to transform and grow. Because in a city where even tiny condos are pushing eye-watering prices, an entire 32-unit building on College Street? That's what landlord dreams are made of.