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Listed by Real Estate Homeward.
176/178 Balsam Avenue is a Multiplex, 2-Storey and is currently for Sale @ $3,349,000. Taxes in 2024 were $18,626.13.
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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. The 2-Storey on 176/178 Balsam Avenue has 8 bedrooms, 5 bathrooms, and is located on a 194 x 60 ft lot in the community of The Beaches . 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!
6 stoves, 6 fridges, New boilers at both 176& 178 Balsam (Q4/23). 6 HWT (owned). All Elfs, Parking for 6 cars in the garage.
The address 176/178 Balsam Avenue was listed for sale (MLS# E12132872) on Thursday, May 08, 2025.
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8+2
8+2
6
60 x 194 ft lot
