173-175 Madison Avenue, Toronto, Ontario, Canada, M5R2S6

5,999,000
for Sale
14
15
3500-5000

About the property:

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.
Multiplex other
Property Type:
Multiplex
Status:
for Sale
House Style:
other
Bedrooms:
14
Bathrooms:
15
Land Size:
49.21 x 126 FT
Central A/C:
Yes
Parking Places:
7
Heating Type:
Forced Air
Heating Fuel:
Electric
Cross Street:
spadina and dupont
Exterior:
Brick
Basement:
Apartment, Apartment
Fronting On:
E
Annual Property Taxes:
22,003
Listing ID:
C13458602

Rooms

Dimensions

Brokered by:
Right At Home Realty
Source: TRREB/PROPTX
Presented By:

Panos Peppas

Sales Representative

Right at Home Realty, Brokerage*