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$2,899,900
Available - For Sale
Listing ID: E12132872
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!
Price $2,899,900
Taxes: $18,626.13
Occupancy by: Tenant
Address: 176/178 Balsam Avenue , Toronto, M4E 3C1, Toronto
Directions/Cross Streets: Queen/Balsam
Rooms: 24
Rooms +: 4
Bedrooms: 8
Bedrooms +: 2
Washrooms: 5
Family Room: F
Basement: Separate Ent
Finished wit
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Second
Washroom 3:  4 Main
Washroom 4:  4 Main
Washroom 5:  4 Basement
Washroom 6:  4 Second
Washroom 7:  4 Second
Washroom 8:  4 Main
Washroom 9:  4 Main
Washroom 10:  4 Basement
Washroom 11:  4 Second
Washroom 12:  4 Second
Washroom 13:  4 Main
Washroom 14:  4 Main
Washroom 15:  4 Basement
Washroom 16:  4 Second
Washroom 17:  4 Second
Washroom 18:  4 Main
Washroom 19:  4 Main
Washroom 20:  4 Basement
Washroom 21:  4 Second
Washroom 22:  4 Second
Washroom 23:  4 Main
Washroom 24:  4 Main
Washroom 25:  4 Basement
Washroom 26:  4 Second
Washroom 27:  4 Second
Washroom 28:  4 Main
Washroom 29:  4 Main
Washroom 30:  4 Basement
Washroom 31:  4 Second
Washroom 32:  4 Second
Washroom 33:  4 Main
Washroom 34:  4 Main
Washroom 35:  4 Basement
Washroom 36:  4 Second
Washroom 37:  4 Second
Washroom 38:  4 Main
Washroom 39:  4 Main
Washroom 40:  4 Basement
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: Built-In
(Parking/)Drive: Circular D
Drive Parking Spaces: 6
Park #1
Parking Type: Circular D
Park #2
Parking Type: Circular D
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REAL ESTATE HOMEWARD

176/178 Balsam Avenue , Toronto, M4E 3C1, Toronto

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto E02
Neighbourhood: The Beaches
Style: 2-Storey
Lot Size: x 194.00(Feet)
Approximate Age: 51-99
Tax: $18,626.13
Maintenance Fee: $0
Beds: 8+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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