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$3,349,000
Available - For Sale
Listing ID: E12132872
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!
Price $3,349,000
Taxes: $18,626.13
Occupancy by: Tenant
Address: 176/178 Balsam Aven , Toronto, M4E 3C1, Toronto
Directions/Cross Streets: Queen/Balsam
Rooms: 24
Rooms +: 4
Bedrooms: 8
Bedrooms +: 2
Washrooms: 5
Family Room: F
Basement: Separate Ent
Finished wit
No. of Pieces Level
Washroom 1 4 Second
Washroom 2 4 Second
Washroom 3 4 Main
Washroom 4 4 Main
Washroom 5 4 Basement
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: Built-In
(Parking/)Drive: Circular D
Drive Parking Spaces: 6
Park #1
Parking Type: Circular D
Park #2
Parking Type: Circular D
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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176/178 Balsam Aven , Toronto, M4E 3C1, Toronto


 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto E02
Neighbourhood: The Beaches
Style: 2-Storey
Lot Size: x 194.00(Feet)
Approximate Age: 51-99
Tax: $18,626.13
Maintenance Fee: $0
Beds: 8+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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