ON
Toronto (The Beaches)
M4E3C1
176/178 Balsam Avenue
176/178 Balsam Avenue, Toronto (The Beaches), ON M4E3C1
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Listing Type
Multi Family
Listing Status
active
23
$3,349,000

Home Details for 176/178 Balsam Avenue

Price
$3,349,000
Type
Residential Income
Bedrooms
10
Bathrooms
5.0
Square feet
NaN
Parking
Detached
Days on site
138
Listing #
E12132872
Property Description

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:31684)

Property Features
  • Heating Information
    • Natural Gas
    • Radiant
  • Parking
    • Detached
Listing Courtesy: REAL ESTATE HOMEWARD
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1450 Clark Ave W. Unit 25, Thornhill, ON L4J 7R5
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289 597 8733
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