107 Pembroke Street

Welcome to this remarkable Multi-Family Home for sale in Toronto , located at 107 Pembroke Street, Toronto. This impressive 2 1/2 storey multiplex, nestled in the vibrant Moss Park community, offers an exceptional investment opportunity. With a cap rate of 6.5%, this fourplex is not just a property; it’s a chance to secure a foothold in one of Toronto's most dynamic neighbourhoods.

As you approach 107 Pembroke Street, Toronto, you’ll notice the charming brick exterior that adds character to this historic building, which is over 100 years old. The property features a total of 11 rooms, including five spacious bedrooms and a den, making it an ideal choice for families or as a rental investment. The layout is designed for functionality, with three kitchens and four bathrooms, ensuring that all tenants can enjoy their own space and privacy. The absence of a family room may be noted, but the generous room sizes more than compensate for this, providing ample living space.

One of the standout features of this Multi-Family Home for sale in Toronto is the income potential. Currently, three out of the four units are rented, with stable and reliable tenants in place. This means that you can start generating income from day one. The vacancy of one unit presents an immediate opportunity for you to increase your revenue, whether you choose to rent it out or make improvements to enhance its appeal. The potential for upside is significant, especially in a location as desirable as this.

Situated at 107 Pembroke Street, Toronto, this property boasts laneway parking for two cars, a rare and valuable amenity in a bustling urban rental market. This feature not only adds convenience for tenants but also increases the overall attractiveness of the property. Additionally, there’s potential for a laneway house, which could provide further rental income; however, buyers are encouraged to verify this option.

The property is heritage designated, which means it retains its architectural charm and offers long-term appeal to tenants in a rapidly evolving neighbourhood. The Moss Park community is surrounded by an array of parks, shops, schools, hospitals, and cultural institutions, making it a highly sought-after area for renters. The high walk, bike, and transit scores further enhance the desirability of this Multi-Family Home for sale in Toronto, as it provides easy access to public transport, including TTC routes and streetcars, with subway stations just minutes away. The future Ontario Line will undoubtedly boost connectivity and long-term value for this property.

In terms of utilities, the property is equipped with municipal water and sewer services, while heating is provided by a baseboard system. It’s worth noting that there is no central vacuum system, and the home is being sold unfurnished, allowing you the freedom to personalise the space as you see fit. Although there is no air conditioning or pool, the charm and character of this home more than make up for it.

Investing in this Multi-Family Home for sale in Toronto at 107 Pembroke Street, Toronto, is not just about acquiring a property; it’s about seizing an opportunity in one of the most resilient rental pockets in the city. With existing tenants to be assumed and vacant possession not available, this investment promises immediate income and long-term growth potential. Whether you’re a seasoned investor or looking to enter the property market, this fourplex is a strong addition to any portfolio.

In summary, 107 Pembroke Street, Toronto, is a unique investment opportunity that combines historical charm with modern rental potential. Don’t miss out on the chance to own this Multi-Family Home for sale in Toronto, where your investment can flourish in a thriving community.

Moss Park, nestled in the heart of Toronto, is a vibrant neighbourhood known for its rich history and diverse character. This area boasts a mix of residential buildings, parks, and local amenities, creating a unique urban tapestry. The park itself serves as a central green space, offering a tranquil retreat amid the city's hustle and bustle, with facilities for sports and community events. Moss Park is well-connected by public transport, making it easy to explore the wider city, while its proximity to downtown ensures residents have access to a plethora of cultural attractions, dining options, and shopping experiences. With a blend of historic charm and modern conveniences, Moss Park is an inviting place for those seeking a dynamic urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various needs and preferences. Within a short distance, you'll find Lord Dufferin Junior and Senior Public School, just 0.5 km away, offering grades JK to 8 with a school rating of 2.8. For older students, Jarvis Collegiate Institute is only 0.8 km away, providing grades 9 to 12 and boasting a higher rating of 5.9. Additionally, Our Lady of Lourdes Catholic School, located 0.7 km from the property, offers a strong Catholic education for grades JK to 8, with a rating of 5.5. For those interested in a Catholic secondary education, St. Joseph's College School is 1.4 km away and has an impressive rating of 7.6. Other nearby options include Lord Lansdowne Junior Public School and Holy Name Catholic School, which provide French language education and cater to younger students. Overall, the area offers a mix of public and Catholic schools, ensuring that families have access to quality education options within a convenient distance from the property.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 624 residents, with an average household size of 1.3 individuals. The community has a median age of 45.3 years, indicating a mature demographic. The average household income stands at $54,800, with 29% of the population classified as low-income. The housing market is characterized by high property values, with an average price of $1,200,000, and a significant majority of residents (92.05%) are renters, reflecting a rental-dominated housing landscape. A notable 80.33% of the population is single, and only 7.14% of households include children, suggesting a preference for smaller living arrangements. The area is also home to a diverse population, with 34.51% of residents being immigrants. Educational attainment is relatively high, with 57.27% of individuals holding a college or university degree. However, a significant portion of the population, 31.82%, is not actively participating in the labor force. The prevalence of condominiums is low, comprising only 6.82% of the housing options, indicating a potential opportunity for investment in this segment. Overall, the area presents a unique blend of demographics that may appeal to specific market segments.