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

    Est payment $13,205/mo
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    Views   2
    Time on Jump  43 day

    AI Summary *

    • Large multiplex on a spacious 60 x 194-foot beach ravine lot.
    • Fully rented with immediate income from multiple units available.
    • Potential to add up to 4 more units with new zoning rules.
    • Surrounded by beautiful homes and close to beaches and amenities.
    • Convenient access to top schools, retail, and transit options.




    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. 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 IDE12792052
    Address176/178 Balsam Avenue
    CityToronto, Ontario
    Price$2,750,000
    Bed / Bath10 / 6 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

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    Listing Agency:  REAL ESTATE HOMEWARD

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    176/178 Balsam Avenue
    Toronto , Ontario
    10 6 $2,750,000
    Get more info