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.
14 bedrooms, 14 bathrooms, about 3,500 sq ft, works out to roughly $1,714 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 173-175 Madison Ave
Every detail from the listing, in one place.
Type
Multiplex
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
7 spaces
Basement
Apartment
Features & systems
Parking & garage
Parking spaces
7
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Multiplex
173-175 Madison Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13458602$5,999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 173-175 Madison Ave Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$29,471
/mo
based on the purchase price of $5,999,000
$1,199,800 cash
$4,799,200 financed
$4,042,186 total interest
Principal54%$4,799,200
Interest46%$4,042,186
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 21-bed homes for sale in Toronto around $6.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings11,596Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
173-175 Madison Ave is listed at $5,999,000 (MLS® C13458602). Summitly updates the price as soon as the MLS® record changes.
Is $5,999,000 a good price for 173-175 Madison Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 173-175 Madison Ave changed?
No — 173-175 Madison Ave is still listed at its original asking price of $5,999,000.
How many bedrooms and bathrooms does 173-175 Madison Ave have?
173-175 Madison Ave has 14 bedrooms and 14 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in Toronto.
Is 173-175 Madison Ave close to transit?
The nearest rapid-transit station is Dupont Station (Line 1), about 320 m (about a 4-minute walk) in a straight line. Spadina Station is about 420 m (about a 5-minute walk), and St. George Station is about 650 m (about a 8-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 173-175 Madison Ave?
About $29,471 a month — principal and interest on $5,999,000 with 20% down ($1,199,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 173-175 Madison Ave compare with other homes in Toronto?
Its asking price of $5,999,000 is about 614% above the median sold price in Toronto over the last 90 days, $840,000, across 9,142 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 173-175 Madison Ave been sold before?
Summitly has no earlier MLS® sale or lease of 173-175 Madison Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 173-175 Madison Ave?
173-175 Madison Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 173-175 Madison Ave been on the market?
140 days — 173-175 Madison Ave was listed on June 17, 2026.
What is the price per square foot of 173-175 Madison Ave?
About $1,200 to $1,714 per square foot: the asking price of $5,999,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 173-175 Madison Ave have parking or a garage?
