$3,349,000Asking Price
176/178 Balsam Avenue, Toronto, ON M4E 3C1
The Beach, Toronto
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!
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!
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- Built-In Garage
- Queen/Balsam
- 3000-3500 Approximate Sq Feet
- 51-99 Years Approximate Age
- No Ensuite Laundry
- Radiant Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $18,626 in 2024
- Possession: Flexible
Details
- Brick Exterior
- No Fireplace
- 8 + 2 Kitchens
- MLS #E12132872
- REAL ESTATE HOMEWARD
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
The Beach, Toronto is a central Toronto neighbourhood notable for its university grads, executives and business, education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of babies, kids aged 5 to 14, adults aged 40 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
44%
of residents are
single and loving it.
44% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
38%
of residents
are renters.
38% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
63%
of residents are
university grads.
63% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$207K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 13% |
| Management | 13% |
| Sales | 12% |
| Business | 12% |
| Culture | 8% |
Immigrants
20%
of residents were
born outside of Canada.
20% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.0% from UK
All-time
Birthplace - Recent
0.4% from UK
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| German | 1% |
| Spanish | 1% |
| Cantonese | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 55% |
| Jewish | 2% |
| Buddhist | 1% |
| Hindu | 1% |
| Muslim | 1% |
Social Housing
Social Housing Buildings
6
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
