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.
Address
173-175 Madison Avenue
List Price
$5,999,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto C02
Sub-Area
Annex
Region
Toronto
Bedrooms
14
Bedrooms (Total)
14
Rooms Above Grade
16
Bathrooms
15
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
126
Lot Shape
Irregular
Lot Size Units
Feet
Lot Width
49.21
Parcel Number
212160354
Occupant Type
Tenant
Cross Street
spadina and dupont
MLS® Number
C13458602
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Apartment
Postal Code
M5R 2S6
Parking Places (Total)
7
Tax Amount
$22,003.00
Tax Year
2026
Interior Features
Other
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Heritage
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
Yes
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
7
Kitchens Above Grade
7
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LOT A AND LOT B ON PLAN M-170, SAVE AND EXCEPT PART 22 ON EXPROPRIATION PLAN D-905. CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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