176/178 Balsam Avenue Toronto, Ontario M4E 3C1
$3,349,000
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! (id:50886)
Property Details
| MLS® Number | E12132872 |
| Property Type | Multi-family |
| Community Name | The Beaches |
| Parking Space Total | 12 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 10 |
| Age | 51 To 99 Years |
| Appliances | Stove, Refrigerator |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk Out |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 194 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 194 Ft |
| Size Total Text | 60 X 194 Ft |
https://www.realtor.ca/real-estate/28279134/176178-balsam-avenue-toronto-the-beaches-the-beaches
Contact Us
Contact us for more information
David Dutton
Salesperson
www.duttonrealestate.ca/
www.facebook.com/pages/David-Duttons-Real-Estate-Page/176700549023633
www.linkedin.com/in/duttonandcoca/
1858 Queen Street E.
Toronto, Ontario M4L 1H1
(416) 698-2090
(416) 693-4284
www.homeward.info/
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May 09 2025 09:19:32
Toronto Regional Real Estate Board
Real Estate Homeward