A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 176/178 Balsam Ave, Toronto Ontario M4E 3C1
49 days on Market

176/178 Balsam Ave, Toronto, Ontario M4E 3C1

Townhouse
8 + 2
5
~3000-3500 sqft
$3,349,000
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Townhouse
8 + 2
5
~3000-3500 sqft

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Highlights

Property Estimate

Days on market49 days

Estimated valueNot available

Price/Sqft$1,036/sqft

Monthly cost

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CMA Subject Property

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+4

Properties sold*

$1.4M

Median sold price*

*Based on last 30 days

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 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

Style2-Storey
View-
Age of property51-99
SqFt~3000-3500 SqFt
Lot Size11,640 SqFt(194 x 60)
Parking Spaces12
MLS ®NumberE12132872
Community NameThe Beaches
Data SourceTRREB
Listing byREAL ESTATE HOMEWARD

Features

Heating: Radiant
Basement: Sep Entrance, Fin W/O

Features

Lot size: 11,640 SqFt

Parking

Garage spaces 6

Garage type Built-In

Other parking spaces 6

Total parking spaces 12


Property History

May 8, 2025
ListedActive
$3,349,000
49 days on market
history photo preview23
Listing by trreb®

Market Data - The Beaches

Geo Zone Map ThumbnailThe Beaches

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

13 days

2023

0 day

2022

7 days

New Listings

Past 30 days

18 listings

Compared to

2024

8 listings

2023

6 listings

2022

16 listings

Units sold

Past 30 days

5 units

Compared to

2024

4 units

2023

0 unit

2022

11 units

Median Sold Price

Past 30 days

$1,075,000

Compared to

2024

$1,362,500

2022

$1,310,000


Population and Demographics

Overview

Total population 40863
Average household income $210,334

Age (%)

0 to 19
23%
20 to 34
15%
35 to 49
24%
50 to 64
22%
65 and plus
16%

Household composition (%)

Single family
61%
Single person
35%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
88%
Others
5%
French
2%
Yue (Cantonese)
2%
Spanish
1%

House tenancy (%)

Owners
61%
Renters
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget