$2,450,000
176/178 Balsam Avenue, Toronto E02, ON M4E 3C1
10 Beds
6 Baths
12 Parking
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!

Property Summary

Property Type Residential Freehold
Property Sub Type Multiplex
Transaction Type For Sale
Style 2-Storey
Approximate Age 51-99
Bedrooms Above Grade 8
Bedrooms Below Grade 2
Bathrooms 6
Kitchens 6
Basement Separate Entrance, Finished with Walk-Out
Exposure West
Possession Flexible

Building

Building Type Multiplex
Square Footage 3000-3500
Exterior Brick
Foundation Concrete Block
Roof Asphalt Shingle
Heating Radiant
Heat Source Gas
Cooling None
Fireplace No

Measurements

Lot Size 60 x 194
Lot Size Units Feet
Frontage 60
Depth 194
Total Living Area 3000-3500

Land

Address 176/178 Balsam Avenue, Toronto E02, ON M4E 3C1
City Toronto E02
Community The Beaches
County / Area Toronto
Cross Street Queen/Balsam
Sewer Sewer
Pool None
Parcel Number 210060402

Parking and Garage

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

Taxes and Listing Info

List Price $2,450,000
Annual Taxes $19,640
Tax Year 2025
Status Active
Listing Date 2026-02-17T11:07:23Z
Updated 2026-05-25T13:48:12Z
MLS Number E12792052
Local Market Insight

What Buyers Should Know About 176/178 Balsam Avenue, Toronto E02, ON M4E 3C1

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

176/178 Balsam Avenue, Toronto E02, ON M4E 3C1 is positioned in The Beaches, a part of Toronto E02 where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Multiplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Queen/Balsam, public transit options, parking availability, and drive times to employment areas. A property with 12 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $2,450,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 10 bedrooms, 6 bathrooms, basement details marked as Separate Entrance, Finished with Walk-Out, and a lot size of 60 x 194, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Toronto E02, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around The Beaches. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 176/178 Balsam Avenue, Toronto E02, ON M4E 3C1, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.