176/178 Balsam AVE new Save Request In-Person Tour Request Virtual Tour
Toronto E02,ON M4E 3C1
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision The Beaches
MLS Listing ID E12132872
Style 2-Storey
Bedrooms 10
Building Age 51-99
Annual Tax Amount $18,626
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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!
Location
Province ON
County Toronto
Community The Beaches
Area Toronto
Rooms
Family Room No
Kitchen 8
Interior
Cooling None
Exterior
Parking Features Circular Drive
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block