176/178 Balsam AVE, Toronto E02, ON M4E 3C1
176/178 Balsam AVE, Toronto E02, ON M4E 3C1
176/178 Balsam AVE, Toronto E02, ON M4E 3C1
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Othen Group

+1(416) 486-8282
$2,450,000
Est. payment /mo
10 Beds
6 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 3000-3500

Municipality Toronto E02

Subdivision The Beaches

MLS Listing ID E12792052

Style 2-Storey

Bedrooms 10

Annual Tax Amount $19,639

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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!

Location

Province ON

County Toronto

Community Toronto E02

Area Toronto

Rooms

Family Room No

Basement Separate Entrance, Finished with Walk-Out

Kitchen 6

Separate Den/Office 2

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Circular Drive

Garage Spaces 6.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 60.0

Lot Depth 194.0

Total Parking Spaces 12

Building

Building Age 51-99

Foundation Concrete Block

Others

ParcelsYN Yes

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176/178 Balsam AVE