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    For Sale - 173-175 Madison Avenue, Toronto, Ontario

    Est payment $28,807/mo
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    Views   4
    Time on Jump  128 day

    AI Summary *

    • Unique investment opportunity with two semi-detached homes converted to a multiplex.
    • Spacious 3-bedroom and six 2-bedroom suites, all with ensuite laundry.
    • Separate hydro and gas metering enhances operational efficiency.
    • Rare advantage of 7 on-site parking spaces for tenants or owners.
    • Designated heritage property offering potential tax reductions and financial assistance programs.




    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. Stable rental income, 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.
    Listing IDC13458602
    Address173-175 Madison Avenue
    CityToronto, Ontario
    Price$5,999,000
    Bed / Bath14 / 15 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

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    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    173-175 Madison Avenue
    Toronto , Ontario
    14 15 $5,999,000
    Get more info