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176/178 Balsam AVE Toronto E02, ON M4E 3C1
10 Beds
6 Baths
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3000-3500
Municipality Toronto E02
Subdivision The Beaches
MLS Listing ID E12792052
Sold Date -
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 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!
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
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
Senior Community Yes
ParcelsYN Yes
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