176/178 Balsam Avenue Toronto, Ontario M4E 3C1

10 Bedroom 5 Bathroom 3,000 - 3,500 ft2
Radiant Heat

$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

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David Dutton
Salesperson

(416) 698-2090
www.duttonrealestate.ca/
www.facebook.com/pages/David-Duttons-Real-Estate-Page/176700549023633
www.linkedin.com/in/duttonandcoca/

Real Estate Homeward
1858 Queen Street E.
Toronto, Ontario M4L 1H1

(416) 698-2090
(416) 693-4284
www.homeward.info/

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