173-175 Madison Avenue, Toronto, ON M5R 2S6
Annex, Toronto · Near spadina and dupont · View map
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.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 14
- Bathrooms
- 15
- Kitchens
- 7
- Rooms
- 16
- Basement
- Apartment
- Lot size
- 49.2 x 126 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Total parking
- 7
Taxes & other
- Property taxes
- $22,003/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- spadina and dupont
- Neighbourhood
- Annex
More
- Price per sq ft
- ~$1,412 (at 4,250 sq ft)
- MLS® number
- C13458602
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
173-175 Madison Avenue, Toronto, ON M5R 2S6
Annex, Toronto · Near spadina and dupont
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Listing history for 173-175 Madison Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 173-175 Madison Avenue
Answers come straight from this home’s MLS® listing.
How much is 173-175 Madison Avenue listed for, and what would it cost each month?
173-175 Madison Avenue is listed for $5,999,000. With 20% down ($1,199,800), the mortgage payment would be roughly $24,198 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $26,032 a month, all in. That figure is an illustration, not a quote.
Is 173-175 Madison Avenue freehold or a condo, and is there a monthly fee?
173-175 Madison Avenue is a multiplex in Annex, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 173-175 Madison Avenue have?
173-175 Madison Avenue has 14 bedrooms and 15 bathrooms. The listing gives the style as 3-storey.
Does 173-175 Madison Avenue have a garage and parking?
The listing does not show a garage. In total the listing counts 7 parking spaces.
Does 173-175 Madison Avenue have a finished basement?
The listing describes the basement as apartment. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 173-175 Madison Avenue?
173-175 Madison Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 173-175 Madison Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 49.2 x 126 ft.
How is 173-175 Madison Avenue heated and cooled?
Heating is forced air (electric). Cooling is central air.
What are the property taxes for 173-175 Madison Avenue?
Property taxes are $22,003 a year (2026), or about $1,834 a month.
Where is 173-175 Madison Avenue?
173-175 Madison Avenue is in the Annex community of Toronto. The nearest main intersection is spadina and dupont. The postal code is M5R 2S6.
Is 173-175 Madison Avenue still for sale?
Yes. It is an active listing (MLS® C13458602). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 173-175 Madison Avenue asking?
Similar properties for sale nearby right now include 5 Sorauren Avenue at $4,300,000 (14 bed), 243 Niagara Street at $5,500,000 (8+1 bed) and 121 Fourth Street at $4,495,000 (8+4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 173-175 Madison Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 173-175 Madison Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Multiplex$4,495,000121 Fourth Street, Toronto8+4 bed · 10 bath · New TorontoCourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.