176/178 Balsam Avenue, Toronto, ON M4E 3C1, Toronto E02, ON
Bed 10
Bath 5
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!
Property Highlights
For Sale
MLS NO.
E12132872
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
10
Bathrooms
5
Parking
12.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
E12132872
Living Area Range
3000-3500
Total Bedrooms
10
Bedrooms Above Grade
8
Bedrooms Below Grade
2
Total Bathrooms
5
Total Kitchens
8
Kitchens Above Grade
6
Kitchens Below Grade
2
Rooms Above Grade
24
Rooms Below Grade
4
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
60.0
Parking Features
Circular Drive
Parking Total
12.0
Covered Spaces
6.0
Garage Type
Built-In
Garage
Yes
Pool
None
Direction Facing
West
Cooling
None
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
176/178 Balsam Avenue, Toronto, ON M4E 3C1
City
Toronto E02
Neighbourhood
The Beaches
County / Region
Toronto
Province / State
ON
Postal Code
M4E 3C1
Cross Street
Queen/Balsam
Directions
Queen St. and Balsam
List Price
$2,899,900
Annual Taxes
$18,626
Tax Year
2024
Legal Description
PT LT 27 PL 451 EAST TORONTO AS IN CA280223; CITY OF TORONTO
Possession Type
Flexible
Possession Details
Flexible
Listing Office
REAL ESTATE HOMEWARD
Board
Toronto Regional Real Estate Board
Original Entry
2025-05-08T12:52:37Z
Media Updated
2025-05-08T12:52:37Z
Photos Updated
2025-05-08T12:52:37Z
Last Modified
2026-02-10T20:13:30Z
System Modified
2026-02-10T20:13:30.238471Z
MLS Status
Terminated
Architectural Style
2-Storey
Basement
Separate Entrance, Finished with Walk-Out
Ddfyn
Yes
Expiration Date
2026-03-31
Foundation Details
Concrete Block
Heat Source Multi
Gas
Heat Type Multi
Radiant
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210060402
Parking Spaces
6
Public Remarks
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!
