1040 Greenwood Avenue

Nestled in a tranquil enclave of East York, specifically at 1040 Greenwood Avenue, East York, this detached bungalow is a remarkable opportunity for those looking to invest in a property with immense potential. This house for sale in East York is situated just a stone's throw away from the vibrant community hub of Dieppe Park, making it an ideal location for families and individuals alike. With its prime position in the Danforth Village-East York area, this property is poised for transformation, appealing to builders, renovators, and investors who possess a keen vision and a steady hand.

The exterior of the house is constructed from sturdy brick, reflecting a classic style that stands the test of time. The property boasts a generous lot size of 34 by 104 feet, providing ample space for future developments or landscaping projects. However, it is important to note that this house for sale in East York does not come with a pool or a garage, which may be a consideration for potential buyers. The driveway allows for private parking, accommodating up to two vehicles, ensuring convenience for residents and guests alike.

Inside, the house features a total of five rooms, comprising two well-proportioned bedrooms and a den that can serve as a home office or additional living space. There are two bathrooms, catering to the needs of a small family or guests. The kitchen, while singular, is functional and ready for the new owners to personalise it to their taste. It is worth mentioning that there is no additional kitchen, which may influence those seeking more culinary space.

The home is being sold as is, presenting a blank canvas for those eager to inject their style and preferences into the space. While the property does not feature air conditioning or a central vacuum system, it does offer a separate entrance to the basement, which could be developed further to enhance the living area or provide additional rental income. The absence of a fireplace and family room may also be noted, but these aspects provide an opportunity for creative redesign.

The surrounding community is thriving, with ongoing redevelopment in the area. New custom homes are being constructed by skilled contractors, indicating a robust investment potential for this house for sale in East York. The property lies within a highly sought-after school catchment area, including RH McGregor Elementary School and Cosburn Middle School, making it particularly appealing to families looking to settle in a nurturing environment.

The location at 1040 Greenwood Avenue, East York, is more than just an address; it represents a lifestyle choice in one of Toronto's most enduring neighbourhoods. The accessibility to municipal water and sewer services further enhances the practicality of this property, ensuring that essential amenities are readily available.

In summary, this house for sale in East York is not just a property; it is an opportunity to create a dream home in a community that is rich in character and potential. With its strategic location, spacious lot, and the promise of redevelopment, 1040 Greenwood Avenue, East York, is waiting for its next chapter to unfold. Whether you are a builder looking to capitalise on the area's growth or a family eager to make your mark, this property offers the perfect foundation to realise your vision. Don’t miss out on this exceptional chance to invest in a house for sale in East York that is ripe for transformation.

Danforth Village-East York is a vibrant and welcoming neighbourhood located in the heart of East York, Toronto. Known for its charming tree-lined streets and a diverse array of shops, cafes, and restaurants, this community offers a delightful blend of urban convenience and suburban tranquillity. Residents enjoy easy access to public transport, making commuting to downtown Toronto a breeze, while local parks and recreational facilities provide ample opportunities for outdoor activities. The area boasts a strong sense of community spirit, with various cultural events and markets throughout the year, making it an ideal place for families and individuals alike to call home.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it an excellent choice for families. Within a short distance, you'll find Diefenbaker Elementary School (0.7 km) and Cosburn Middle School (0.6 km), both part of the Toronto District School Board, offering a public education in English for grades JK to 8. For secondary education, East York Collegiate Institute (0.9 km) provides a strong academic program for grades 9 to 12, boasting a commendable school rating of 5.4. Additionally, Earl Beatty Junior and Senior Public School (1.2 km) offers a French-language curriculum for grades JK to 8, with a solid rating of 6.1. The nearby Holy Cross Catholic School (0.4 km) and St. Brigid Catholic School (1.6 km) cater to elementary students with a Catholic education, while St. Patrick Catholic Secondary School (1.4 km) serves high school students with a rating of 6.9. With a variety of public and Catholic schools in close proximity, this property is perfect for families seeking quality education options for their children.

Key Statistics of the Neighbourhood

The area surrounding the property boasts a population of 531 residents, with an average household size of 2.9 individuals. The demographic profile indicates a relatively mature community, with an average age of 39.1 years. The average household income is notably high at $172,000, reflecting the affluence of the area, while only 5.6% of the population falls below the low-income threshold. The average property price stands at $1,340,000, indicative of a competitive real estate market. Approximately 37.65% of residents are single, and a significant 56.67% of households include children, highlighting the family-friendly nature of the neighborhood. The community is diverse, with 30% of residents being immigrants, and a modest percentage of 17.95% are renters, suggesting a predominantly owner-occupied housing market. Notably, there are no condominiums in the area. Education levels are high, with 57.14% of the population holding a college or university degree. However, it is important to note that 40% of the residents are not in the labor force, which may impact local economic dynamics. Overall, this area presents a blend of affluence, family orientation, and educational attainment.