176/178 Balsam Avenue

The Beach, East End, Toronto

176/178 Balsam Avenue
176/178 Balsam Avenue
176/178 Balsam Avenue
+20
8+2
 bed
6
 bath
12
 parking
3000 - 3500
 sqft
Multiplex
$2,450,000
For Sale
93 days
 on site
$2,450,000
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Size
-
Lot size
11640 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$700 - $817
Taxes
$19,639.56 (2025)
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 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. Rarely does a property of this size, location, and potential come to market!
Broker: REAL ESTATE HOMEWARD
MLS®#: E12792052
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:
Feb 17, 2026
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Instant estimate:
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$205,884
lower than listed price
i
High
$2,324,147
Mid
$2,244,116
Low
$2,131,200
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About 176/178 Balsam Avenue

Located at 176/178 Balsam Avenue, this Toronto multiplex is available for sale. 176/178 Balsam Avenue has an asking price of $2450000, and has been on the market since February 2026. This multiplex has 8+2 beds, 6 bathrooms and is 3000-3500 sqft. 176/178 Balsam Avenue, Toronto is situated in Beach, with nearby neighbourhoods in Upper Beaches | Woodbine Corridor, Main & Danforth / Danforth Village, Birch Cliff and Woodbine-Lumsden.

178 Balsam Ave, Toronto is not far from Black Dog Cafe for that morning caffeine fix and if you're not in the mood to cook, Kibo Sushi Upper Beach, Subway and Gabby's are near this multiplex. Nearby grocery options: Beaches Bake Shop is only a 3 minute walk.

For those residents of 178 Balsam Ave, Toronto without a car, you can get around rather easily. The closest transit stop is a Bus Stop (Kingston Rd at Beech Ave) and is not far connecting you to Toronto's public transit service. It also has route Coxwell Night Bus, route East York, and more nearby. For drivers at 178 Balsam Ave, it might be easier to get around the city getting on or off Don Valley Parkway and Don Mills Rd, which is within a 9-minute drive.