Photo of 111 Rainsford RoadJust Listed
$1,199,000
111 Rainsford Road
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!
| MLS® Number | E12132872 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Single Family Home |
| Interior Size | 3,000 sq ft |
| Beds / Baths | 10 bed · 5 bath |
| City | The Beaches / Upper Beaches |
| Postal Code | M4E 3C1 |
| Province | ON |
| Listed Date | February 1, 2026 |
| Days on Market | 119 |
| Price per Sq Ft | $967 |
| Brokerage | REAL ESTATE HOMEWARD |
Sign in to reveal recent sold prices in this area.
