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$3,349,000
Available - For Sale
Listing ID: E12132872
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 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!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $145 $290 $435 $580
First Mortgage $2,755 $2,610 $2,465 $2,320
CMHC/GE $75.76 $52.2 $43.14 $0
Total Financing $2,830.76 $2,662.2 $2,508.14 $2,320
Monthly P&I $12.12 $11.4 $10.74 $9.94
Expenses $0 $0 $0 $0
Total Payment $12.12 $11.4 $10.74 $9.94
Income Required $454.65 $427.57 $402.83 $372.61

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REAL ESTATE HOMEWARD

176/178 Balsam Aven , Toronto, M4E 3C1, Toronto

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto E02
Neighbourhood: The Beaches
Style: 2-Storey
Lot Size: x 194.00(Feet)
Approximate Age: 51-99
Tax: $18,626.13
Maintenance Fee: $0
Beds: 8+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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