176/178 Balsam Avenue, Toronto E02 — For Sale in Toronto E02
10 bed · 6 bath · Multiplex for sale in Toronto E02.
176/178 Balsam Avenue, Toronto E02, ON M4E 3C1
About This Property
Now for sale at 176/178 Balsam Avenue in Toronto E02: a 10-bedroom, 6-bathroom multiplex listed at $2,450,000.
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 x 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!
Property Specifications
| MLS® Number | E12792052 |
|---|---|
| Status | For Sale |
| List Price | $2,450,000 |
| Property Type | Residential Freehold |
| Sub Type | Multiplex |
| Transaction Type | For Sale |
| Bedrooms | 10 |
| Bathrooms | 6 |
| Parking | 12 spaces |
| Address | 176/178 Balsam Avenue, Toronto E02, ON M4E 3C1 |
| City | Toronto E02 |
| Postal Code | M4E 3C1 |
Listing Contracted With: REAL ESTATE HOMEWARD
