173-175 Madison Avenue
173-175 Madison Avenue
$5,999,000
25 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $26,137 |
| Property Tax (MLS) | $1,834 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $27,971 |
Down payment: $1,199,800 (20.0%) · Mortgage: $4,799,200
Property tax uses MLS annual tax of $22,003/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RIGHT AT HOME REALTY
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Data last updated: August 23, 2026 at 04:25 a.m.