About this property

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 potential future upside. With Toronto's new "as-of-right" zoning you may have the opportunity 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. Rarely does a property of this size and location come to market!

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	E12792052
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,000 sq ft
Beds / Baths	10 bed · 6 bath
City	The Beaches / Upper Beaches
Postal Code	M4E 3C1
Province	ON
Listed Date	March 3, 2026
Brokerage	REAL ESTATE HOMEWARD