For Sale
176/178 Balsam Avenue
The Beaches, Toronto, ON
$2,250,000
8+2Bd
6Ba
3,250+sqft
12Parking
60 x 194 ftlot
$692/sqft
MultiplexMLS# E12792052Listed 2026-02-17104 DOM
Basement
Finished with Walk-Out
On the market for 104 days — longer than average. The seller may be open to negotiation.
About this home
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!
Ravine
Features
- None
- Separate Entrance
- Finished with Walk-Out
- 2-Storey
Financials
Annual Taxes
$19,639.56
Estimated Rental Income
Entire property$4,500 – $7,000/mo
Rental yield2.4% – 3.7%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market104 days
Buyer's MarketSeller's Market
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
Our estimate for this home
Estimated range
$2.25M – $2.61M
Mid-point $2.43M · ~$748/sqft
How this listing compares
$2.25MList · $2.25M$2.61M
High confidence·Based on 33 toronto comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
66
/ 100
Walk Score
Somewhat Walkable
66
/ 100
Transit Score
Good Transit
68
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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