176/178 Balsam Avenue
The Beaches, Toronto, M4E 3C1
FOR SALE
$2,750,000
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8 + 2
BEDROOMS6
BATHROOMS4 + 2
KITCHENS24 + 4
ROOMSE12792052
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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!
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Property Features
None, Circular Drive
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Property Details
Address
176/178 Balsam Avenue
Community
City
Postal Code
M4E 3C1
Property Type
Multiplex, Multiplex
Lot Size
60' x 194'
Taxes
$19,640 (2025
Basement
Separate Entrance, Finished with Walk-Out
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Built-In
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Listing contracted with Real Estate Homeward
RARELY AVAILABLE LEGAL 5-PLEX IN CENTRAL ETOBICOKE LOCATION IN SOUGHT AFTER NEIGBOURHOOD. 5-2 BEDROOM APARTMENTS, 1 BACHELOR APARTMENT. INCLUDES 7 DESIGNATED OUTDOOR SURFACE PARKING SPOTS, 4 BALCONIES, DESIGNATED LOCKER LOCATED IN LAUNDRY ROOM. RECENT UPDATES: ROOF (2020), BALCONY RAILINGS (2017), WINDOWS (2005). BUILDING IS CLOSE TO AMENITIES: PUBLIC TRANSIT, HWY 427, HWY 401 & QEW. GUARANTEED RENT FOR 3 YEARS.
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Multi-unit investment opportunity on a large 55 x 100 ft lot in the desirable residential neighbourhood of Oakwood Village, Steps to St Clair Ave W & Oakwood Ave. This detached two-storey building located on a quiet street contains five self-contained units-three above grade and two in the basement-offering strong income potential and future upside. The property also features five surface parking spaces. A solid, well-configured asset ideal for investors looking to expand their portfolio or explore long-term redevelopment and value-add possibilities.
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