173-175 Madison Avenue

About this home

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.

Details

Type

Multiplex

Style

3-Storey

Size

3500-5000 sq ft

Lot

49.21 × 126 ft

Basement

Apartment

Garage

None

Kitchens

7

Property tax

$22,003 (2026)

Neighbourhood

Annex

Municipality

Toronto C02

Interior

Bedrooms

14 above ground

Bathrooms

14 × 3-piece, 1 × 2-piece

Rooms

16 above ground

Family room or den

No

Fireplace

Yes

Heating, cooling and services

Heating

Forced Air, Electric

Air conditioning

Central Air

Water and sewer

Sewer

Building and exterior

Style

3-Storey

Exterior

Brick

Roof

Asphalt Shingle

Foundation

Concrete Block

Faces

East

Parking

Total parking

7

Lot

Size

49.21 × 126 ft (irregular)

More

Possession

Flexible

Cross street

spadina and dupont