This Property Has Been Sold
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$2,450,000
176/178 Balsam Ave
Toronto E02, ON M4E 3C1
176/178 Balsam Ave, Toronto E02 — Sold for $2,450,000. 10 bedroom, 6 bathroom 2-Storey Multiplex. MLS® E12792052.
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 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 Details
Listing Courtesy of: REAL ESTATE HOMEWARD
MLS® #E12792052
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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HouseIndex Take: 176/178 Balsam Avenue
This multiplex (2-Storey) is located in the The Beaches neighbourhood of Toronto.
The home offers 10+2 bedrooms, 6 bathrooms.
Features include a separate entrance, finished with walk-out basement, 12 parking spaces including a 6-car garage.
Additional details: lot dimensions of 60 × 194 feet.
This property has been sold. Annual property taxes were $19,639.56 (2025). Sign in to view the sold price.
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About Toronto Real Estate
This Multiplex in the The Beaches community in Toronto has been sold. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Reviewing sold prices in the area helps buyers and sellers understand current market values.