125 Madison Avenue

Annex, Toronto, M5R 2S3

$2,399,900

Reduced $100,000 from $2,499,900

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  • 9 bedrooms
  • 9 bathrooms
  • 0 parking
  • 3000-3500 sq ft

Listed 165 days ago · MLS® C13104546

About this home

125 Madison Avenue presents a rare opportunity to acquire a 9-unit multi-residential property producing $160k in revenue, in one of Toronto's most established and consistently in-demand urban neighbourhoods. Located just steps from the energy of the Annex, Yorkville, and the Bloor Street corridor, the area attracts a strong tenant base driven by nearby transit, universities, restaurants, shopping, and employment hubs. This is the kind of location that continues to perform through changing market conditions - a neighbourhood where rental demand remains strong and long-term appreciation has historically been supported by limited housing supply and ongoing intensification throughout the core. Investors will appreciate both the stability of a well-located multi-unit asset and the future upside potential that comes with owning in a high-demand downtown corridor. With nine self-contained units, 125 Madison Avenue offers an excellent opportunity to generate reliable income today while positioning for future growth in rents and property value over time.

Details

Type
Semi-Detached
Style
3-Storey
Size
3000-3500 sq ft
Lot
27 × 126 ft
Basement
Apartment, Separate Entrance
Garage
None
Kitchens
9
Property tax
$14,158 (2025)
Neighbourhood
Annex
Municipality
Toronto C02

Interior

Bedrooms
9 above ground
Bathrooms
8 × 4-piece, 1 × 3-piece
Rooms
20 above ground
Family room or den
No
Fireplace
No
Features
Water Heater Owned

Heating, cooling and services

Heating
Radiant, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
3-Storey
Exterior
Brick
Roof
Shingles
Foundation
Stone
Faces
East

Lot

Size
27 × 126 ft

More

Possession
Flex
Cross street
Spadina & Bloor

History of this address

6 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Spadina Subway6 min walk
  • 🚇 Dupont Subway6 min walk
  • 🚆 Toronto Union Station GO3.6 km

Within a 10-minute walk: 9 grocery stores, 132 cafés and restaurants, 33 parks, 8 pharmacies. Nearest grocery: New Forest Market (450 m). Nearest park: Huron Street Playground (350 m).

Schools nearby

Elementary

  • Huron Street Junior Public School
    EQAO: Gr 6 reading 79%, math 59%
    3 min walk
  • Palmerston Avenue Junior Public School
    EQAO: Gr 6 reading 88%, math 73%
    15 min walk
  • Jesse Ketchum Junior and Senior Public School
    EQAO: Gr 6 reading 96%, math 71%
    16 min walk

Secondary

  • Monsignor Fraser College - Annex Campus Catholic14 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5R

Owners / renters
39% / 61%
Median household income
$86,000
Average age
46
Children under 15
8%
Homes
5% detached, 54% high-rise
Commute by transit
25%
Population
26,197

Languages spoken most at home besides English: Mandarin 1.3%, Spanish 1%, Yue (Cantonese) 0.7%, Iranian Persian 0.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Annex (2025): 35% above the Toronto average, down 12% from the year before.

  • Assault41% above average
  • Break and enter104% above average
  • Auto theft48% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings36% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 13 active

  • 171 LOWTHER AVE · 450 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Lift the hold ('H') application for By-law 410-2024.
    Application details
  • 171 LOWTHER AVE · 450 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 11-storey residential building with 64 dwelling units, including the retention of part of the heritage building at 171 Lowther Avenue.
    Application details
  • 40 WALMER RD · 400 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 25-storey building with a mix of rental replacement units (33 units) and condominium ownership units, totalling 253 units.
    Application details
  • 264 ST GEORGE ST · 200 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Appealed on April 24, 2026.Combined Official Plan & Zoning By-law Amendment for an 18-storey building containing 121 dwelling units, and the adaptive re-use of…
    Application details
  • 38 WALMER RD · 400 m
    Site Plan · Under Review · applied 2022
    Site Plan application to permit a 25-storey mixed use building containing 211 dwelling units and 1,950 square metres of non-residential GFA, including retail,…
    Application details
  • 141 BEDFORD RD · 450 m
    Site Plan · NOAC Issued · applied 2021
    Site Plan Approval for a 13-storey mixed-use building with 63 residential units.
    Application details

17 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2019). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Party Wall Admin Permits · 2018 · Closed
    Admin permit for 127 Madison Ave 18-111863

2 permits on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

83 City street trees within 100 m, mostly maples. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX WEST REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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