173-175 Madison Avenue,Toronto (Annex), ON M5R2S6
Toronto (Annex), ON M5R2S6
Description
Rare Investment Opportunity in the Annex - Two semi-detached homes offered together and thoughtfully converted into a substantial 3.5-storey, 7-unit multiplex. The property comprises one spacious 3-bedroom, 3-bathroom suite and six well-appointed 2-bedroom, 2-bathroom suites, each featuring ensuite laundry. Hydro and gas are separately metered, providing operational efficiency and convenience. Featuring tall ceilings and exceptional scale, the combined buildings form one of the largest residential structures in the Annex. Situated at the end of a laneway, the property offers the rare advantage of 7 on-site parking spaces. Stable rental income, presenting an attractive opportunity for investors. Alternatively, its remarkable size and configuration offer future potential for conversion into an extraordinary single-family residence. As a designated heritage property, ownership may be eligible for reduced property taxes and municipal financial assistance programs that support the preservation and maintenance of the building's exterior. (id:13843)
Details
| MLS # | C13458602 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 133 |
| Listing Provided By | RIGHT AT HOME REALTY | SAROJ JAIN |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 15 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Electric |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Irregular lot size |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 7 |
Utilities
| Utilities | Sewer, Electricity |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 22003 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Toronto (Annex) |
| Postal Code | M5R2S6 |
| Listing VS Median (in M5R2S6) | |
Price: $5,999,000 low | high Med: $3,000,748 sqft: 3,500 low | high Med: 2,500 $ / sqft: $1,714 low | high Med: $858 On site: 133 low | high Med: 93.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Annex) |
| Postal Code | M5R2S6 |
| Listing VS Median (in M5R2S6) | |
Price: $5,999,000 low | high Med: $3,000,748 sqft: 3,500 low | high Med: 2,500 $ / sqft: $1,714 low | high Med: $858 On site: 133 low | high Med: 93.5 | |
