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:4069)
Address
176/178 BALSAM AVENUE
List Price
$3,349,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Toronto (the Beaches)
Bedrooms
10
Bathrooms
5
Floor Area
30,003,500 Sq. Ft.
Lot Size
60 x 194 FT Sq. Ft.
MLS® Number
E12132872
Listing Brokerage
REAL ESTATE HOMEWARD
Basement Area
N/A (Finished)
Postal Code
M4E3C1
