176/178, Balsam, The Beaches, Toronto, Residential Freehold
- 10 beds |
- 6 baths |
- 3000-3500 SQFT
Description
Residential Freehold Multiplex For Sale.
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 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. Rarely does a property of this size, location, and potential come to market!
Interior Features: None
Cross Street: Queen/Balsam
Direction Faces: West
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 10
- Bedrooms Below Grade: 2
- Bedrooms Above Grade: 8
- Bathrooms Total Integer: 6
- Lot Width: 60.00
- Kitchens Total: 6
- Parking Total: 12
- Parking Spaces: 4
- Parking Features: Circular Drive
- Garage Type: Built-In
- Heat Source: Gas
- Heat Type: Radiant
- Cooling: None
- Living Area Range: 3000-3500 Square Feet
Location 176/178, Balsam, The Beaches, Toronto
Search by Neighbourhoods