Property Details
176/178 BALSAM AVENUE, Toronto (The Beaches), Ontario, M4E3C1
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:2471)
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
- 416-452-6249
- 416-441-2888
- rick@rickohomes.com
- Property Address: 176/178 BALSAM AVENUE, Toronto (The Beaches), Ontario, M4E3C1
- Community Name: The Beaches
- Property Type: Multi-family
- Lot Size: 60 x 194 FT
- Acreage: 60 x 194 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Garage
- Total Parking Spaces: 12
- Structure Style: Other
- Storeys: 2
- Floor Space: 3000 - 3500 sqft
- Building Age: 51 to 99 years
- Bedrooms: 8 + 2
- Bathrooms: 5-Total
- Basement Type: N/A, N/A (Finished)
- Heating Type: Natural gas, Radiant heat
- Cooling: None
- Exterior Type: Brick
- Foundation Type: Block
- Appliances Included: Stove, Refrigerator
Listing Office: REAL ESTATE HOMEWARD
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