Size
-
Lot size
11640 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$957 - $1,116
Taxes
$18,626.13 (2024)
Parking Type
-
Style
2-Storey
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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!
Broker: REAL ESTATE HOMEWARD
MLS®#: E12132872
Property details
Parking:
12
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
3000-3500 sqft
Lot front:
60 Ft
Lot depth:
194 Ft
Listed on:
May 8, 2025
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Instant estimate:
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$92,615
lower than listed pricei
High
$3,372,516
Mid
$3,256,385
Low
$3,092,535
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1 Parking
3,000-3,500 sqft
MLS#: E12144609
MCARTHUR & SON REAL ESTATE LTD.
1/21
$3,199,000
43 days
8+3BD
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8 Parking
3,000-3,500 sqft
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RE/MAX PREMIER INC.
1/50
$3,388,000
21 days
5+1BD
7BA
6 Parking
3,000-3,500 sqft
MLS#: E12128931
ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM