173-175 Madison Avenue Toronto, Ontario M5R 2S6
$5,999,000
Rare Investment Opportunity in the Annex - Two semi-detached homes offered together and thoughtfully converted into a substantial 3.5-storey, 7-unit multiplex. The property comprises one spacious 3-bedroom, 3-bathroom suite and six well-appointed 2-bedroom, 2-bathroom suites, each featuring ensuite laundry. Hydro and gas are separately metered, providing operational efficiency and convenience.Featuring tall ceilings and exceptional scale, the combined buildings form one of the largest residential structures in the Annex. Situated at the end of a laneway, the property offers the rare advantage of 7 on-site parking spaces.Fully leased with stable rental income, the property is being offered at a cap rate above 4%, presenting an attractive opportunity for investors. Alternatively, its remarkable size and configuration offer future potential for conversion into an extraordinary single-family residence.As a designated heritage property, ownership may be eligible for reduced property taxes and municipal financial assistance programs that support the preservation and maintenance of the building's exterior. (id:61852)
Property Details
| MLS® Number | C13458602 |
| Property Type | Multi-family |
| Community Name | Annex |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 15 |
| BedroomsAboveGround | 14 |
| BedroomsTotal | 14 |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FoundationType | Block |
| HalfBathTotal | 1 |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 126 Ft |
| SizeFrontage | 49 Ft ,2 In |
| SizeIrregular | 49.2 X 126 Ft |
| SizeTotalText | 49.2 X 126 Ft |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29918857/173-175-madison-avenue-toronto-annex-annex
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Saroj Jain
Salesperson
1396 Don Mills Rd Unit B-121
Toronto, Ontario M3B 0A7
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June 23 2026 12:25:51
Toronto Real Estate Board
Right At Home Realty