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    For Sale - 176/178 Balsam Avenue, Toronto, Ontario

    Est payment $14,375/mo
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    Views   1
    Time on Jump  137 day

    AI Summary *

    • Expansive 60 x 194-foot lot in the heart of The Beach.
    • Fully rented multiplex providing immediate income with future potential.
    • Opportunity to add up to 4 more units without lengthy approvals.
    • Surrounded by upscale homes, close to retail, schools, and transit.
    • Versatile options to hold, expand, or redesign for maximum ROI.




    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!
    Listing IDE12132872
    Address176/178 Balsam Avenue
    CityToronto, Ontario
    Price$2,899,900
    Bed / Bath10 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Separate Entrance, Finished with Walk-OutFoundation Concrete BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 12.00
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    176/178 Balsam Avenue
    Toronto , Ontario
    10 5 $2,899,900
    Get more info