For sale

$5,999,000

Est. $24,735/mo

•

15 ba

•

View

sq ft

173-175 Madison Ave, Toronto, ON M5R 2S6

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.

Multi-familyProperty Type

6,200 sq ftLot Size

7 spacesParking

Listed by SAROJ JAIN • RIGHT AT HOME REALTY

Listing updated: Jun 26, 2026 at 05:40pm

Redfin checked: 2 minutes ago

•Source:TREB #C13458602

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Next available date: Wednesday, August 19

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Around this home

Schools
Places
Transit

0.3km

Huron Street Junior Public School

Public, JK-6 • Assigned

1.6km

St Joseph's College School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Bedroom

Living

Interior features
Fireplace
Other interior features

Heating & cooling
Central air conditioning
Electric forced-air heating

Sale and tax history for 173-175 Madison Ave

Sale History
Tax History

Date

Event

Price

TREB #C13458602

Jun 17, 2026

Listed

$5,999,000

TREB #C12260322

Dec 1, 2025

Delisted

—

Jul 3, 2025

Listed

$6,199,000

Unique Offering, Two-semi detached homes offered together for sale, converted into a 3.5 story 7- plex in the Annex. 1- 3 bedroom unit with 3 washrooms, and 6-2 bedroom units with 2 washrooms, all with ensuite laundry. Hyrdo electricity and gas is all separately metered. Tall ceilings. Combined, the two semis make one of the largest built structures in the Annex. The rear of the property is at the end of the laneway and has 7 car parking. Property is fully rented and is being offered for ~4% cap rate. Benefit from stable rental income or convert into a giant single family home. Heritage property status offers the benefit of lower property tax and financial assistance from the city to maintain the exterior of the building.

TREB #C589782

Apr 6, 2005

Delisted

—

Jan 6, 2005

Listed

$1,699,000

TREB #C548586

Jan 4, 2005

Delisted

—

Oct 5, 2004

Listed

$1,725,000

TREB #C423231

Mar 24, 2004

Listed

$1,595,000

Public record

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Style

Single Family Residential

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Last updated by owner on Aug 9, 2023.

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