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176/178 Balsam Avenue, Toronto E02, ON M4E 3C1 — $2,250,000 | Paul Nusca Real Estate

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176/178 Balsam Avenue, Toronto E02, ON M4E 3C1

The Beaches · M4E 3C1

$2,250,000

MLS® #E12792052

Bedrooms (8+2)

Bathrooms

3000-3500

Sq Ft

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!

General Information

Property Type: Residential Freehold
Subtype: Multiplex
Transaction: For Sale
Architectural Style: 2-Storey
Status: Active

Building & Mechanicals

Foundation: Concrete Block
Construction: Brick
Heating: Radiant
Heating Fuel: Gas
Cooling: None
Sewer: Sewer

Basement

Basement: Separate Entrance, Finished with Walk-Out

Parking & Garage

Total Parking: 12
Parking Spaces: 6
Garage Type: Built-In
Parking Features: Circular Drive

Lot & Land

Frontage: 60'
Depth: 194'

Interior Features

Features

None

Pool

None

Taxes

Annual Tax: $19,640
Tax Year: 2025

Mortgage Calculator

Home Price

Down Payment %

Rate %

Amortization (years)

Estimated monthly payment

$11,054

Down payment: $450,000 · Loan: $1,800,000

Estimate only. Actual rates and payments vary by lender.

Listing Information

Last Updated: May 26, 2026

Listing courtesy of:

REAL ESTATE HOMEWARD

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The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 26, 2026.

Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.