10 Ivy Avenue

Nestled in the vibrant and trendy neighbourhood of South Riverdale, 10 Ivy Avenue, Toronto, presents a fantastic opportunity as a Multi-Family Home for sale in Toronto . This large multiplex building boasts an impressive seven units, making it an ideal investment for those looking to tap into the lucrative rental market. With its prime location, this property is not just a home; it's a gateway to the bustling lifestyle that Toronto has to offer.

As you step into 10 Ivy Avenue, Toronto, you'll find a well-structured building that features a mix of unit types to cater to various tenant needs. The property includes one 1-bedroom unit complete with a kitchen and a bath featuring both a bathtub and shower. Additionally, there are five 2-bedroom units, each equipped with their own kitchen and bath facilities, again featuring a bathtub and shower. For those seeking more space, the standout feature of this Multi-Family Home for sale in Toronto is the spacious 3-bedroom unit occupying the entire top floor. This unit is a true gem, offering a full bath with a double sink vanity, a shower, and a large tub, as well as its own kitchen, washer, dryer, and a dedicated water heater.

The building is designed for convenience, with a total of seven rooms across the units, ensuring that every corner is utilised efficiently. While there is no additional kitchen or family room, the layout is well thought out to maximise comfort. The property also features two small storage rooms, perfect for tenants needing extra space for their belongings. Although there is no fireplace or pool, the absence of these features allows for a more straightforward maintenance routine, making it easier for landlords to manage the property.

One of the highlights of 10 Ivy Avenue, Toronto, is the shared amenities that enhance the living experience. The units share two hot water tanks and a coin-operated laundry facility, which is a great perk for tenants. The building is heated through a baseboard heating system, and while air conditioning is listed as ‘other’, the property benefits from the natural ventilation provided by its well-placed windows, which were updated in 2017. A new roof was installed in 2020, ensuring that the property is in good condition and ready for the next owner.

Parking is a significant advantage here, with eight dedicated parking spaces available on the private driveway. This is a rare find in urban settings and adds considerable value to this Multi-Family Home for sale in Toronto. Tenants will appreciate the convenience of having their own electricity meters, allowing them to manage their utility costs independently.

Located close to a variety of local attractions, 10 Ivy Avenue, Toronto, is perfectly positioned for those who enjoy the lively atmosphere of the city. With restaurants, breweries, and the vibrant cultures of Chinatown East and Leslieville just a stone's throw away, residents will never be short of entertainment options. The nearby Indian Bazaar and the beautiful Beaches provide even more opportunities for leisure and enjoyment. Plus, with the new Ontario Line Subway set to enhance transportation links, the value of this property is only set to increase in the coming years.

In summary, this Multi-Family Home for sale in Toronto at 10 Ivy Avenue, Toronto, is a must-see for any savvy investor. With its nine bedrooms, seven bathrooms, and a solid structure, this property promises a cash flow positive asset with significant upside potential on rents. The combination of a prime location, well-maintained facilities, and the possibility for future growth makes this an opportunity not to be missed. Whether you're looking to expand your portfolio or dive into the rental market, this property is definitely worth considering.

South Riverdale, nestled in the vibrant city of Toronto, is a charming neighbourhood that seamlessly blends urban living with a strong sense of local character. Bordered by the Don River to the east and the bustling streets of Leslieville to the west, this area boasts a rich tapestry of cultural diversity, historic architecture, and green spaces. Residents enjoy a lively atmosphere, with an array of independent shops, trendy cafes, and artisanal eateries lining its streets. The community is well-connected by public transport, making it easy to explore the wider city, while parks like Withrow Park offer a serene escape for outdoor enthusiasts. With its unique blend of old-world charm and modern amenities, South Riverdale is an inviting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of just 0.4 km, you will find Blake Street Junior Public School, a highly-rated elementary school offering grades JK to 6, and the East Alternative School of Toronto for grades 7 to 8. A little further at 1.1 km is Monarch Park Collegiate Institute, a secondary school, and at 1.2 km, Duke of Connaught Junior and Senior Public School, which provides a French language curriculum for grades JK to 8 and boasts a commendable rating of 7. Additionally, St. Joseph Catholic School, an English-speaking elementary school, is located 0.8 km away and has a solid rating of 5.5. For secondary education, St. Patrick Catholic Secondary School, also within 0.8 km, has an impressive rating of 7.3. Lastly, Holy Name Catholic School, offering French instruction for younger students, is situated 1.2 km from the property. With a mix of public and Catholic schools, this area provides excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 582 residents, with an average household size of 2.5 individuals. The community is relatively young, with an average age of 37.4 years. The economic landscape is robust, as indicated by an impressive average household income of $147,000, though 12.4% of the population is classified as low-income. The average property price in the area stands at $1,180,000, reflecting the desirability of the location. Approximately 46.24% of residents are single, and 40.63% live in households with children, suggesting a diverse family structure. The community is also notable for its immigrant population, which makes up 25.83% of residents. Renting is common, with 45.83% of households classified as renters, while there are no condominiums available in the area. Education levels are high, with 68.48% of the population holding a college or university degree. However, 27.17% of residents are not participating in the labor force, indicating a potential area for economic growth. Overall, this demographic profile highlights a well-educated, economically stable community with a mix of families and singles.