176/178 BALSAM AVENUE

Toronto (The Beaches), , M4E3C1, Canada

$2,450,000

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 x bachelor units) offers immediate income plus potential future upside. With Toronto's new "as-of-right" zoning you may have the opportunity 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. Rarely does a property of this size and location come to market!

EXTRAS: Refrigerator, Stove

Last updated on : Monday 25th of May 2026 10:45:11 AM

ADDRESS

Street : 176/178 BALSAM AVENUE

City : Toronto (The Beaches)

Country : Canada

Postal Code : M4E3C1

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PROPERTY SUMMARY

Property ID : E12792052

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 6

Parking : 12

Parking Type: Garage

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