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Toronto
$5,999,000
173-175 MADISON AVENUE, Toronto, M5R2S6
MLS Number: C13458602
Beds
14
Baths
15
Listing
For Sale
Type
Freehold
Square Feet
3,500 - 5,000
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.
Location
173-175 MADISON AVENUE, Toronto, M5R2S6
Nearby Schools
Distances are measured in a straight line from this property.
Huron Street Junior Public School
Elementary school · Grades JK-6
Toronto DSB
541 Huron St, Toronto, Ontario, M5R2R6
Palmerston Avenue Junior Public School
Elementary school · Grades JK-6
Toronto DSB
734 Palmerston Ave, Toronto, Ontario, M6G2R4
Jesse Ketchum Junior and Senior Public School
Elementary school · Grades JK-8
Toronto DSB
61 Davenport Rd, Toronto, Ontario, M5R1H4
Bloor Collegiate Institute
Secondary school · Grades 9-12
Toronto DSB
725 Bathurst St, Toronto, Ontario, M5S2R5
Cottingham Junior Public School
Elementary school · Grades JK-6
Toronto DSB
85 Birch Ave, Toronto, Ontario, M4V1E3
Hillcrest Community School
Elementary school · Grades JK-6
Toronto DSB
44 Hilton Ave, Toronto, Ontario, M5R3E6
Brown Junior Public School
Elementary school · Grades JK-6
Toronto DSB
454 Avenue Rd, Toronto, Ontario, M4V2J1
Harbord Collegiate Institute
Secondary school · Grades 9-12
Toronto DSB
286 Harbord St, Toronto, Ontario, M6G1G5
Proximity does not guarantee enrollment eligibility. Verify attendance boundaries and admission requirements with the relevant school board before making a decision.
Estimate Tool
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$1,199,800
Mortgage Amount
$4,799,200
Principal + Interest
$27,749 / mo
5-Year Term Payments
$1,664,936
Estimated Monthly Carrying Cost
$28,399
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
Helpful Guide
If you are planning a purchase, it helps to understand the buyer process and keep your financing and closing documents organized.
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