173-175 MADISON AVENUE, Toronto, Ontario
$5,999,000
- 14 Beds
- 15 Baths
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.Fully leased with stable rental income, the property is being offered at a cap rate above 4%, 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:23309)
- Listing ID: C13458602
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 173-175 MADISON AVENUE in Toronto Ontario. It was last modified on June 17th, 2026. Contact Tom Linkletter to schedule a viewing or to discover other Toronto real estate for sale.