176/178 Balsam Avenue, Toronto, ON M4E 3C1
Toronto E02
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!
Walkability, transit, and bike-friendliness for 176/178 Balsam Avenue, Toronto, ON M4E 3C1
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# E12792052
Listed by REAL ESTATE HOMEWARD
Listed Feb 17, 2026
Sold Jul 30, 2026
What comparable homes actually sold for in the last 12 months.
176/178 Balsam Avenue, Toronto, ON M4E 3C1 is listed for $2,250,000 CAD.
176/178 Balsam Avenue, Toronto, ON M4E 3C1 has 10 bedrooms and 6 bathrooms.
176/178 Balsam Avenue, Toronto, ON M4E 3C1 is a Multiplex.
176/178 Balsam Avenue, Toronto, ON M4E 3C1 is in Toronto E02, Ontario.
176/178 Balsam Avenue, Toronto, ON M4E 3C1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 176/178 Balsam Avenue, Toronto, ON M4E 3C1 (MLS# E12792052). You can also send a message through the contact form on this site.
