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$ 5,999,000
Est. payment /mo
Active
173-175 Madison AVE Toronto C02, ON M5R 2S6
14 Beds
15 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Municipality Toronto C02
Subdivision Annex
MLS Listing ID C13458602
Style 3-Storey
Bedrooms 14
Annual Tax Amount $22,003
Tax Year 2026
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Toronto
Community Toronto C02
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 7
Interior
Interior Features Other
Cooling Central Air
Fireplace Yes
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 49.21
Lot Depth 126.0
Total Parking Spaces 7
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY
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