$6,199,000Asking Price
173-175 Madison Avenue, Toronto, ON M5R 1V7
The Annex, Toronto
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.
See MoreKey Info
- 3-Storey Multiplex
- 4+ Parking
- No Garage
- Dupont and Madison
- 5000 + Approximate Sq Feet
- 51-99 Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $20,514 in 2024
- Possession: tba
Details
- Brick Exterior
- Fireplace
- 7 Kitchens
- Designation: Heritage
- MLS #C12260322
- RIGHT AT HOME REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 14 3-Piece Bathrooms | |||
| 1 2-Piece Bathroom | |||
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Who lives here?
The Annex, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and business, science, education, law & public sector and arts & culture professionals. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 39.
Families
Kids Per Family
0.6
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
59%
of residents are
single and loving it.
59% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
70%
of residents
are renters.
70% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
74%
of residents are
university grads.
74% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$176K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 18% |
| Business | 13% |
| Sales | 12% |
| Management | 9% |
| Culture | 8% |
Immigrants
28%
of residents were
born outside of Canada.
28% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
2.8% from USA
All-time
Birthplace - Recent
0.8% from USA
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Spanish | 2% |
| Mandarin | 2% |
| Cantonese | 2% |
| Korean | 1% |
Religions
Religions
| Christian | 40% |
| Jewish | 11% |
| Muslim | 3% |
| Buddhist | 2% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
8
Social housing buildings
in the neighbourhood.
Shelters
Shelters
2
Homeless shelters in
the neighbourhood.
