105-107 Pembroke Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Toronto , located at 105-107 Pembroke Street, Toronto. This impressive property, a 2 1/2 storey multiplex, boasts a remarkable 10 bedrooms and 10 bathrooms, making it a rare find in the bustling area of Moss Park. With a solid cap rate of 6.4%, this is an exceptional addition to any investment portfolio.

Nestled on a lot measuring 41 X 138 feet, this Multi-Family Home for sale in Toronto offers a unique chance to acquire two side-by-side fourplexes, each with separate legal titles. This dual-title ownership not only enhances your investment flexibility but also opens up future refinancing options, which is a significant advantage in today’s market. The building itself is over 100 years old, constructed from sturdy brick, which adds to its architectural charm and appeal.

At 105-107 Pembroke Street, Toronto, you’ll find a total of 22 rooms, including 6 kitchens and 2 additional kitchens, catering perfectly to the needs of multiple families. While there’s no central vacuum system or family room, the property compensates with its generous space and layout. The absence of air conditioning and a pool might be seen as drawbacks, but the property’s strengths lie in its income-generating potential and location.

Currently, 6 of the 8 units are rented out, showcasing strong and stable tenancies. The two vacant units present an immediate opportunity for increased income, making this Multi-Family Home for sale in Toronto even more appealing. The property is equipped with municipal water and sewer, ensuring reliable services for all tenants.

One of the standout features of this property is the laneway parking, which accommodates up to 4 cars. This is a rare and valuable amenity in a high-demand urban rental market like Toronto. Furthermore, there’s potential for a laneway house, providing additional density and rental upside—though buyers will need to verify this possibility.

The location of 105-107 Pembroke Street, Toronto, is simply unbeatable. Situated in the heart of downtown, you’re just steps away from various TTC routes, streetcars, and only minutes from subway stations. The upcoming Ontario Line is set to further enhance connectivity in the area, promising long-term value for your investment. The property is surrounded by parks, shops, schools, hospitals, and cultural institutions, contributing to its high walk, bike, and transit scores.

This Multi-Family Home for sale in Toronto is not just a property; it’s a well-located, low-turnover investment in one of the city’s most resilient rental pockets. The heritage designation adds to its appeal, ensuring that it attracts long-term tenants who appreciate the character and charm of the neighbourhood.

While the property is currently unfurnished and lacks a garage, the existing tenants are to be assumed, providing immediate income for the new owner. However, it’s important to note that vacant possession is not available. This is a strong addition to any portfolio, offering both immediate income and long-term growth potential.

In summary, if you’re seeking a robust investment opportunity, this Multi-Family Home for sale in Toronto at 105-107 Pembroke Street, Toronto, is a must-see. With its impressive features, prime location, and income-generating capabilities, it’s a property that shouldn’t be overlooked. Don’t miss out on the chance to make this exceptional investment yours!

Moss Park is a vibrant neighbourhood nestled in the heart of Toronto, characterised by its rich history and diverse cultural tapestry. This area boasts a mix of residential buildings, parks, and local amenities, making it an appealing choice for those seeking urban living with a community feel. The namesake Moss Park offers green space for recreation and relaxation, while the surrounding streets are lined with an array of shops, cafes, and restaurants that reflect the eclectic nature of the neighbourhood. With excellent public transport links and proximity to downtown, Moss Park provides both convenience and a sense of belonging, making it an ideal place for anyone looking to immerse themselves in the dynamic life of the city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various educational needs and preferences. Within a short distance, you will find Lord Dufferin Junior and Senior Public School (0.5 km), which offers grades JK to 8 and has a school rating of 2.8. For older students, Jarvis Collegiate Institute (0.8 km) provides grades 9 to 12 with a higher rating of 5.9. Additionally, Our Lady of Lourdes Catholic School (0.7 km) offers a Catholic education for grades JK to 8, boasting a solid rating of 5.5. For those interested in Catholic secondary education, St. Joseph's College School (1.4 km) has an impressive rating of 7.6. Families seeking French language education can consider Lord Lansdowne Junior Public School (2.3 km) for grades JK to 8, although it currently has a rating of 0. Other nearby options include Holy Name Catholic School (2.8 km) and St. Mary Catholic School (3.0 km), both offering French language instruction for younger grades. Overall, this area provides a diverse range of schooling options, ensuring quality education is accessible for families.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 624 residents, characterized by a low average household size of 1.3 individuals. The demographic is predominantly adult, with an average age of 45.3 years. Economic indicators reveal an average household income of $54,800, with a notable 29% of the population classified as low-income. The housing market is quite expensive, with an average property price of $1,200,000. The community is largely single, with 80.33% of residents identifying as such, and only 7.14% of households include children. A significant portion of the population, 34.51%, are immigrants, contributing to the area’s diversity. The rental market is robust, with 92.05% of residents renting their homes, and condominiums make up 6.82% of the housing stock. Educational attainment is relatively high, with 57.27% of the population holding a college or university degree. However, there is a notable percentage of individuals not participating in the labor force, at 31.82%. Overall, this demographic profile suggests a mature, diverse community with a high prevalence of renters and a significant number of single residents.