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176/178 Balsam Avenue
Toronto
M4E 3C1
$2,899,900
Residential Freehold
beds: 8+2
baths: 5.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- E12132872
- Bedrooms:
- 8+2
- Bathrooms:
- 5
- Photos (23)
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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!
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 3000-3500
- Lot Depth:
- 194'
- Lot Frontage:
- 60'
- Direction Faces:
- West
- Bedrooms:
- 8+2
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Kitchens:
- 8
- Kitchens in Basement:
- 2
- Bedrooms Above Grade:
- 8
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 6
- Rooms Above Grade:
- 24
- Rooms Below Grade:
- 4
- Fractional Ownership:
- No
- Assignment:
- No
- Heating type:
- Radiant
- Heating Fuel:
- Gas
- Foundation:
- Concrete Block
- Roof:
- Asphalt Shingle
- Basement:
- Separate Entrance, Finished with Walk-Out
- Fireplace/Stove:
- No
- Garage:
- Built-In
- Garage Spaces:
- 6.0
- Parking Features:
- Circular Drive
- Parking Spaces:
- 6
- Total Parking Spaces:
- 12.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Development Charges Paid:
- No
- Taxes:
- $18,626.13 / 2024
- Assessment:
- $- / -
- Toronto
- Toronto E02
- The Beaches
- None
- n/a
- 6 stoves, 6 fridges, New boilers at both 176& 178 Balsam (Q4/23). 6 HWT (owned). All Elfs, Parking for 6 cars in the garage.
- Washers and Dryers are all tenant owned.
- Brick
- No
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Main Level
- Date Listed:
- May 08, 2025
- Original Price:
- $3,349,000
- Previous Price:
- $3,349,000
-
Prime Beach Property on 60 x 194 lot! -
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Listed by REAL ESTATE HOMEWARD
Data was last updated December 16, 2025 at 12:15 AM (UTC)
- BONNIE VISENTIN
- REAL ESTATE HOMEWARD
- 1 (416) 4514439
- Contact by Email
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