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176/178 Balsam Avenue, Toronto E02, ON M4E 3C1

Toronto E02, ON, M4E 3C1

10 Beds
6 Baths
Sq Ft
Multiplex Type
E12792052 MLS#

About this property

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 potential future upside. With Toronto's new "as-of-right" zoning you may have the opportunity 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. Rarely does a property of this size and location come to market!

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Bedrooms 10
Bathrooms 6
Annual Tax $19,640

Parking & Garage

Parking Total
12.00

Financial & Tax

Tax Annual Amount
$19,640

Room Details

Kitchens Total
6
Bedrooms Above Grade
8
Bedrooms Below Grade
2

Additional Details

County Or Parish
Toronto

Location

176/178 Balsam Avenue, Toronto E02, ON M4E 3C1, Toronto E02, ON, M4E 3C1

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