$2,450,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 10Bathrooms: 6Lot: 60 x 194 ft
2025 Taxes: $19,639.56

176/178 Balsam Ave
Toronto, ON M4E 3C1 | The Beaches

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!
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Listed By REAL ESTATE HOMEWARD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E12792052
Last Updated May 06, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 210060402
Legal Description PT LT 27 PL 451 EAST TORONTO AS IN CA280223; CITY OF TORONTO
Possession Date Flexible
Taxes (2025) $19,639.56
Directions/Cross Streets Queen/Balsam
Neighbourhood The Beaches
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 10
Bathrooms 6
Lot 60 x 194 ft
Exterior Brick
Air Conditioning None
Basement Separate Entrance, Finished with Walk-Out
Garage Type Built-In
Garage/Park Spaces Y
Parking Spaces 4
Heat Source Gas
Heat Type Radiant
Sewers Sewer

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