Maximum 4 project can be compared at one go.
$2,750,000
Status: 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. 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!
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :E12792052 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :17 Feb, 2026 (38 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Toronto |
|---|---|
| Postal Code | :
M4E 3C1
|
| Price | : $2,750,000 |
|---|---|
| Property Taxes | :$19639.56 |
| Tax Year | :2025 |
|---|
| Bedrooms | :8 + 2 |
|---|---|
| No. of Rooms | :24 |
| Heating | :Radiant |
| Cross Street | :Queen/Balsam |
| Bathrooms | :6 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :3000-3500 sqft |
| Fireplace/Stove | :No |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :12 |
| Basement | :Separate Entrance |
| Garage | :Built-In |
|---|---|
| Laundry Level | :Main Level |
17 Feb, 2026
TREB #E12792052
Listed
$2750000.0
Sign in to view full price history of this property
