176/178 Balsam Avenue
The Beaches, Toronto, M4E 3C1
FOR SALE
$2,250,000

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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 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!
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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
Solid 6-Plex Investment in Junction / High Park North Well-located sixplex on a 40 x 114 ft lot in one of Toronto's most desirable west-end neighbourhoods. Property includes four spacious 2-bedroom units and two 1-bedroom units, five currently rented, providing stable and consistent income. Estimated gross income ~$130,000 and net ~$93,000.Features a rare 4-car garage at the rear, adding additional income potential or future value. Well-suited for investors seeking a straightforward, easy-to-manage asset with strong fundamentals. Excellent long-term hold in a high-demand rental area steps to transit, shops, and parks. Turnkey income today with future upside. Buyer/Buyer's Agent to verify zoning, uses, and financials.
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Rarely does a downtown investment of this calibre come to market. Introducing 276-278 Crawford St - two side-by-side freehold multiplexes on an extraordinary 50-foot frontage on one of Toronto's most storied streets, in the heart of Trinity Bellwoods. Together, these income-producing assets comprise 11 separate residential units, 2 laneway-fronting garages, and 5 parking spaces - a compelling blend of scale, stability, and long-term upside in a location where demand rarely lets up. This is the kind of asset sophisticated investors wait for: best-in-class residential income in one of the city's most coveted neighbourhoods, steps from Trinity Bellwoods Park, Ossington's celebrated retail corridor, and the restaurants and energy of Little Italy. A proven address, top-tier tenancy appeal, and irreplaceable urban positioning make this a rare opportunity to secure a meaningful foothold in prime downtown Toronto. In a market where true trophy multiplexes are few and far between, Crawford doesn't just check boxes - it sets the bar.
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