173-175 Madison Avenue, Toronto, ON M5R 2S6
- Property tax
- $22,003 / year
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.
- MLS number
- C13458602
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 14
- Bathrooms
- 15
- Postal code
- M5R 2S6
- Photos
- 18
- Laundry
- Not in the unit
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 3-Storey
- Class
- Residential Freehold
- Fronting on
- East
- Community
- Annex
- Municipality
- Toronto C02
- Cross street
- spadina and dupont
Inside
- Bedrooms
- 14
- Bedrooms above grade
- 14
- Bathrooms
- 15
- Washrooms
- 14 · 1
- Kitchens
- 7
- Rooms above grade
- 16
- Fireplace
- Yes
- Basement
- Apartment
- Size
- 3500-5000
Building
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Parking
- Covered spaces
- 0
- Driveway spaces
- 0
- Total parking
- 7
Land
- Lot
- 49.21 × 126 feet
- Shape
- Irregular
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Electric
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
Features
- Interior
- Other
Listing
- MLS number
- C13458602
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-17
- Expires
- 2026-11-30
- Possession
- 2026-08-01
- Taxes
- $22,003 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 2 times.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Approximate — placed from the postal code, which can cover a block or more.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Jackman Institute of Child Study | Elementary | 437 m | Not reported |
| Taddle Creek Montessori School | Elementary | 567 m | Not reported |
| Mabin School, The | Elementary | 635 m | Not reported |
| Howlett Academy | Elementary | 655 m | Not reported |
| Royal St George's College | Elementary and secondary | 655 m | Not reported |
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 554 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35201047 — the few blocks around this address, home to 554 people. It describes the area, not this property.
Percentages are of the 375 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 8 still in progress.
Site plan approval application for an 8-storey residential building having a gross floor area of 11572 square metres, and containing 135 residential dwelling units.
City planning file →Site Plan Approval for an 8-storey residential building having a gross floor area of 10,906 square metres, and containing 134 residential dwelling units.
City planning file →Site Plan Approval for a 13-storey mixed-use building with 63 residential units.
City planning file →*** Draft Plan of Condominium for 23 residential units in a 9-storey residential building.
City planning file →The proposed developement retain the two existing buildings on site and utilize the surface parking lot at the back to add 6 compact rowhouses.…
City planning file →Applicant requested file closure- please see email chain in the 'Attachment' tab.Proposal for a 7-storey mixed use building with 16 dwelling units and commercial (office) component fronting on Davenport Road.
City planning file →INACTIVE Proposal for a 22-storey mixed-use building comprised of 100 residential dwelling units and 1098 square metres of non-residential gross floor area at grade and the second floor.…
City planning file →The Proposed Building for 115 Dupont st. is a Group D 5 storey office building with a typical floor plate of 213 m2 and a gross floor area of 884 m2.The proposed building will contain 4 office units, one per floor, and includes 5 parking spaces and a lobby are…
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.