176/178 Balsam Ave
The Beaches, Toronto
$3,349,000
Buy with Dwelly and Save $33,490
Home Details
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Listing Description
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!
6 stoves, 6 fridges, New boilers at both 176& 178 Balsam (Q4/23). 6 HWT (owned). All Elfs, Parking for 6 cars in the garage.
City: Toronto
Neighborhood: The Beaches
Property History
Rooms
Room dimensions for 176/178 Balsam Ave, Toronto
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 176/178 Balsam Ave is 18062
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $3349000 |
| Down Payment | $669800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $2679200 |
Monthly Payment
| Mortgage Payment | $16510 |
| Property Taxes | $1552 |
| Maintenance Fees | $0 |
| Monthly Payment | $18062 |
About 176/178 Balsam Ave, Toronto
Located at 176/178 Balsam Ave , this Toronto house is available for sale. This property was listed for $3,349,000 on Fri May 09 2025. This house's size is 3000-3500 Sqft. It has 8 bedrooms and 5 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 12 parking spots. 176/178 Balsam Ave, Toronto is situated in the The Beaches neighbourhood.
MLS#: E12132872 · $3,349,000 · 8 bedroom house in The Beaches, Toronto