173-175 Madison Avenue Toronto, Ontario M5R 2S6

$5,999,000

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:55460)

Property Details

MLS® Number	C13458602
Property Type	Multi-family
Community Name	Annex
Features	Irregular Lot Size
Parking Space Total	7

Building

Bathroom Total	15
Bedrooms Above Ground	14
Bedrooms Total	14
Basement Features	Apartment In Basement
Basement Type	N/a
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Fireplace Present	Yes
Foundation Type	Block
Half Bath Total	1
Heating Fuel	Electric
Heating Type	Forced Air
Stories Total	3
Size Interior	3,500 - 5,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	126 Ft
Size Frontage	49 Ft ,2 In
Size Irregular	49.2 X 126 Ft
Size Total Text	49.2 X 126 Ft

Utilities

Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/29918857/173-175-madison-avenue-toronto-annex-annex