176/178 Balsam Avenue

176/178 Balsam Avenue
176/178 Balsam Avenue
176/178 Balsam Avenue
+20
8+2
 bed
5
 bath
12
 parking
3000 - 3500
 sqft
Multiplex
$3,349,000
For Sale
44 days
 on site
$3,349,000
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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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$240,705
lower than listed price
i
High
$3,219,145
Mid
$3,108,295
Low
$2,951,897
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About 176/178 Balsam Avenue

Located at 176/178 Balsam Avenue, this Toronto multiplex is available for sale. It has been listed at $3349000 since May 2025. This 3000-3500 sqft multiplex has 8+2 beds and 5 bathrooms. 176/178 Balsam Avenue resides in the Toronto Beach neighbourhood, and nearby areas include Upper Beaches | Woodbine Corridor, Main & Danforth / Danforth Village, Birch Cliff and Woodbine-Lumsden.

Some good places to grab a bite are Kibo Sushi Upper Beach, Subway or Gabby's. Venture a little further for a meal at one of Beach neighbourhood's restaurants. If you love coffee, you're not too far from Black Dog Cafe located at 878 Kingston Rd. For those that love cooking, Naturally Yours Health Foods is a 3-minute walk.

Transit riders take note, 178 Balsam Ave, Toronto is not far to the closest public transit Bus Stop (Kingston Rd at Beech Ave) with route Coxwell Night Bus, route East York, and more. Residents of 178 Balsam Ave also have access to Don Valley Parkway, which is within a 9-minute drive getting on and off at Don Mills Rd.