173-175 MADISON AVENUE
Toronto (Annex), Ontario
MLS® C13458602
$5,999,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- C13458602
- Bedrooms
- 14
- Bathrooms
- 15
- Year built
- —
1 / 18Listing 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.
Property summary
- MLS® number
- C13458602
- Property type
- Multi-family
- Building type
- Other
- Land size
- 49.2 x 126 FT
- Annual property taxes
- $22,003.00
- Parking
- 7 spaces · No Garage
- Days on market
- 76 days
Features & details
- Heating
- Forced air, Electric
- Cooling
- Central air conditioning
- Basement
- Apartment in basement, N/A
- Exterior features
- Brick
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $5,999,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RIGHT AT HOME REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.