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CA > Ontario > Toronto > East Toronto > The Beaches > 176/178 Balsam Avenue

176/178 Balsam Avenue, Toronto, ON

Toronto, East Toronto, The Beaches Hood
Queen/Balsam
8+2 Br | 6 Bath | 3000-3500 Sqft
$2,450,000 For Sale

Property Overview

  • Multiplex — 2-Storey
  • SqFt: | 3000-3500 Sqft
  • Lot Size: 60.00 x 194.00 Feet
  • Age: 51-99 Years
  • Basement: Separate Entrance, Finished with Walk-Out
  • Exterior: Brick
  • Taxes: 19,640 / 2025
  • Zoning: n/a
  • MLS #: E12792052
  • Sewer: Sewer
  • Heat Source: Gas , Radiant

Property 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 x 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!

6 stoves, 6 fridges, New boilers at both 176& 178 Balsam (Q4/23). 6 HWT (owned). All Elfs, Parking for 6 cars in the garage.

Property Details

  • For: For Sale
  • Type: Multiplex
  • Style: 2-Storey
  • Lot: 60.00 x 194.00 Feet
  • Region: Toronto
  • Hood: The Beaches
  • Zoning: n/a
  • Lot Irreg: Fronting on: West
  • Fronting On: West

Building Details

  • Age: 51-99 Years
  • Exterior: Brick
  • Heat: Gas , Radiant
  • A/C: None
  • Interior Features: None
  • Pool: None
  • Sewer: Sewer
  • Garage: Built-In
  • Total Parking: 12.00
  • Driveway: Circular Drive

Property Interior

  • Sqft: 3000-3500 Sqft
  • Bed: 8 +2
  • Bath: 6
  • Kitchen: 4 +2
  • Family Room: No
  • Basement: Separate Entrance, Finished with Walk-Out
Property Listed by: REAL ESTATE HOMEWARD
Virtual Tour: n/a

Home Valuation Estimate

What is 176/178 Balsam Avenue, Toronto, ON worth in today’s The Beaches, East Toronto market?

This HomeZira valuation preview helps buyers and sellers think through the asking price for this 8-bedroom Multiplex with 3000-3500 sq. ft. in The Beaches, East Toronto. The full estimate reviews the property’s location, home type, bedroom count, size range, age, and nearby comparable market activity after sign-in.

Property-specific estimate See a valuation range built around this listing’s local profile.
Comparable market context Review how similar nearby homes help frame value.
Buyer and seller guidance Use the estimate as a starting point before an offer or pricing decision.
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Location

  • Address: 176/178 Balsam Avenue
  • Neighborhood: The Beaches
  • Zip/Postal Code: M4E 3C1
  • Nearby Amenities:
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Kazi Hossain

Kazi Hossain

Kazi — Serving the Community for 19 Years!
REALTOR®

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

Located at 176/178 Balsam Avenue, Toronto, ON in East Toronto (The Beaches neighbourhood), near Queen/Balsam. This freehold home offers Multiplex, ["2-Storey"], 8 bedrooms, 6 bathrooms and 3000-3500 sq.ft. (approx.) in a layout suited to everyday family living. Basement: Separate Entrance, Finished with Walk-Out • 12 parking spots • Garage: Built-In • Heating: Gas Radiant • Cooling: None. Property taxes are approximately $19,640 for 2025. 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 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 Boardw.

FAQs for 176/178 Balsam Avenue, Toronto, ON , The Beaches , East Toronto

What are the listing details for 176/178 Balsam Avenue, Toronto, ON?
176/178 Balsam Avenue, Toronto, ON is a Multiplex for sale in East Toronto, in the The Beaches neighbourhood, Toronto. The current list price is $2,450,000. MLS number: E12792052.
How many bedrooms and bathrooms does this home have?
176/178 Balsam Avenue, Toronto, ON is listed as a Multiplex with a ["2-Storey"] style, featuring 8+2 bedroom(s) and 6 bathroom(s). The listed interior size range is 3000-3500 sq. ft..
What lot, basement, garage, or parking details are listed?
The lot size is listed as approximately 60.00 x 194.00 Feet. The basement is listed as: Separate Entrance, Finished with Walk-Out. Garage type: Built-In. Total parking: 12 space(s).
What heating, cooling, and exterior details are shown?
Heating is listed as: Gas, Radiant. Cooling is listed as: None. Exterior/construction materials are listed as: Brick.
Where is this property located?
176/178 Balsam Avenue, Toronto, ON is located in the The Beaches neighbourhood of East Toronto. The listed cross street is Queen/Balsam.
What information is available on this public listing page?
The public listing page shows current active listing information, property photos, room details when available, map location, listed price, property features, and contact options. Annual taxes are listed as $19,640 / 2025. Valuation tools and similar sold-property previews are available after sign-in where applicable, without displaying sold data in this public FAQ.

FAQ content is based on current active listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.