176/178 Balsam Avenue Toronto, Ontario M4E 3C1
$3,349,000
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 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! (id:61852)
Property Details
| MLS® Number | E12132872 |
| Property Type | Multi-family |
| Neigbourhood | Beaches—East York |
| Community Name | The Beaches |
| ParkingSpaceTotal | 12 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 8 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 10 |
| Age | 51 To 99 Years |
| Appliances | Stove, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance, Walk Out |
| BasementType | N/a (finished) |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 194 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 194 Ft |
| SizeTotalText | 60 X 194 Ft |
https://www.realtor.ca/real-estate/28279134/176178-balsam-avenue-toronto-the-beaches-the-beaches
Interested?
Contact us for more information
David Dutton
Salesperson
1858 Queen Street E.
Toronto, Ontario M4L 1H1
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 09 2025 09:19:32
Toronto Real Estate Board
Real Estate Homeward
