176/178 BALSAM AVENUE , Toronto (The Beaches) Ontario M4E3C1

Sale $3,349,000 |

Listing # E12132872

Listing courtesy of:

REAL ESTATE HOMEWARD | Phone: (416) 698-2090

For more information, please contact:

Kathy Summers

Sales Representative

Phone: 416.698-2090
Fax: 416.693-4284
Mobile: 416.540.2456

kesummers2020@gmail.com

www.ksummers.ca

REAL ESTATE HOMEWARD, Brokerage (Independently owned and operated)

Brokerage

1858 Queen ST EAST
Toronto, ON M4L 1H1

Remarks:

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! (id:7526)

Investment

Neighbourhood:	The Beaches
Lot Frontage:	60.0 Feet
Lot Depth:	194.0 Feet
Lot Size:	60 x 194 FT
No. of Parking Spaces:	12
Bedrooms:	8+2
Bathrooms (Total):	5

Property Features:

Parking Type:	Garage
Property Type:	Multi-family
Sewer:	Sanitary sewer

Building Features:

Appliances:	Stove , Refrigerator
Basement Development:	Finished
Basement Type:	N/A
Building Type:	Other
Exterior Finish:	Brick
Foundation Type:	Block
Heating Fuel:	Natural gas
Heating Type:	Radiant heat

Kathy Summers

Sales Representative

Phone: 416.698-2090
Fax: 416.693-4284
Mobile: 416.540.2456

kesummers2020@gmail.com

www.ksummers.ca

REAL ESTATE HOMEWARD, Brokerage (Independently owned and operated)

Brokerage

1858 Queen ST EAST
Toronto, ON M4L 1H1

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