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About the Listing 083900 -
Multiplex on Massive Beach Ravine Lot! Endless Potential and Prime Location! Welcome to 176/178 Balsam Avenue, a once-in-a-generation opportunity in the heart of The Beach! Sitting on an expansive 60 x 194-foot ravine lot, this fully rented multiplex (4 x 2-bedroom units, 2 bachelor units) offers immediate income plus significant future upside. With Toronto's new "as-of-right" zoning you have the potential to add up to 4 more units (sever the properties and create 2x 4+1 units per lot) without lengthy approvals to maximize ROI! Backed by the lush Glen Stewart Ravine, surrounded by multi-million dollar homes, and in prime Beach, this west-facing property offers the best of Beach living, steps to Queen Street retail, the Boardwalk, top schools (Balmy Beach PS, Glen Ames Sr PS, Malvern CI) and easy transit access. Hold, expand, or completely reimagine with "as-of-right" zoning, the future is firmly in your hands. Rarely does a property of this size, location, and potential come to market!
Listing Highlights for 176 /178 Balsam Ave
Status
Active
Days on Site
125
Property Type
Multi-Family
MLS ®
E12132872
Year Built
Total Square Footage
3,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance,Finished with Walk-Out
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Circular Drive,Built-In
Financial Details
- Tax Amount: $18,626
- Taxes w/Assessments: N/A
- Tax/Property ID: 210060402
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
176 /178 Balsam Ave Toronto, ON M4E 3C1
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