111 Alberta Avenue

If you’re on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Toronto , located at 111 Alberta Avenue, Toronto. This splendid property is not just a house; it’s a legal triplex complete with a basement apartment, offering an incredible chance to dive into the rental market or to house multiple families under one roof. With three municipal addresses—111 Alberta Avenue, 113 Alberta Avenue, and 276 Benson Avenue—this property is as versatile as it is spacious.

Nestled in the charming Wychwood community, this 2-storey multiplex boasts a solid brick exterior that not only adds to its aesthetic appeal but also ensures durability. The building, which has aged gracefully over the past 51-99 years, features a generous total of 20 rooms, including a remarkable eight bedrooms and four bathrooms. Each of the four kitchens is fully equipped, making meal preparation a breeze for everyone living in this Multi-Family Home for sale in Toronto. However, it’s worth noting that there’s no additional kitchen, which means each unit is self-contained, perfect for privacy and independence.

As you step inside, you’ll be greeted by the warmth of hardwood floors that run throughout the property, giving it a classic touch. The three fireplaces scattered throughout the home are a delightful feature, providing a cosy atmosphere, especially during those chilly Toronto winters. Although the property is being sold as-is, the charm of the fireplaces adds a unique character that many buyers will appreciate.

One of the standout features of this Multi-Family Home for sale in Toronto is the ample parking space available. With a private driveway accommodating up to five vehicles, you’ll never have to worry about finding a spot for your guests or tenants. The two separated parking areas—one at the front and another at the rear—make it incredibly convenient for everyone.

The property does not include air conditioning, which might be a consideration for some, but with the right ventilation and the natural breeze that flows through the Wychwood area, you’ll find it quite comfortable. Additionally, while there’s no central vacuum system, the absence of this feature is easily outweighed by the property’s numerous other advantages.

The heating is provided by a water system, ensuring that the home remains warm and inviting during the colder months. With municipal water and sewer services, you can rest assured that the essential amenities are well taken care of. Although there’s no pool on the premises, the expansive lot measuring 31 X 109 feet offers plenty of outdoor space for potential landscaping or garden projects, making it a perfect canvas for those who love to get creative outdoors.

Moreover, the lack of a family room and additional rooms means that the layout is straightforward and functional, focusing on the essentials for a multi-family living arrangement. The unfurnished status of the property allows new owners to stamp their personal style on the interiors, making it a blank slate for your vision.

In summary, this Multi-Family Home for sale in Toronto at 111 Alberta Avenue, Toronto, is an exceptional opportunity for investors or families looking for a spacious living arrangement. With its legal triplex status, multiple kitchens, and a generous number of bedrooms and bathrooms, it’s designed to accommodate a variety of living situations. The property’s location in the desirable Wychwood community adds to its appeal, making it a prime choice for anyone looking to invest in the Toronto housing market. Don’t miss out on this chance to own a piece of Toronto real estate that offers both charm and functionality!

Wychwood is a charming and vibrant neighbourhood nestled in the heart of Toronto, characterised by its lush, tree-lined streets and an eclectic mix of architectural styles, ranging from early 20th-century homes to modern infill designs. The area is renowned for its artistic spirit, with the Wychwood Barns serving as a cultural hub that hosts farmers' markets, art exhibitions, and community events. Residents enjoy easy access to local parks, including the picturesque Wychwood Park, and a variety of shops, cafes, and restaurants that contribute to the neighbourhood's unique character. With its close-knit feel and proximity to downtown Toronto, Wychwood offers a delightful blend of urban convenience and community charm, making it an appealing choice for those seeking a vibrant yet tranquil living environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is McMurrich Junior Public School, just 0.1 km away, offering English-language instruction for grades JK to 6, with a respectable school rating of 7.3. St. Alphonsus Catholic School is also nearby at 0.5 km, providing a Catholic education for JK to 8 with a rating of 4.9. For families with older children, Loretto College School, located 0.9 km away, caters to grades 9 to 12 and has a school rating of 6. Additionally, Rawlinson Community School, 0.8 km from the property, offers French-language education for grades JK to 8, although it has a lower rating of 5.1. For secondary education, Marshall McLuhan Catholic Secondary School is situated 3.7 km away and has a rating of 6.6. Overall, this area boasts a diverse range of schooling options, including both public and Catholic institutions, catering to various educational needs and preferences, ensuring a supportive environment for children's learning and development.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 422 residents, with an average household size of 1.9. The community has a relatively young demographic, with an average age of 38.8 years. The average household income stands at $97,000, though 14.4% of the population is classified as low-income. The housing market is characterized by a high average price of $1,480,000, and a significant majority of residents, 75.56%, are renters, indicating a rental-dominant environment. The area also reflects a diverse social fabric, with 63.16% of the population being single and 36.84% living in households with children. Notably, 31.25% of the residents are immigrants, contributing to the community's cultural diversity. Educational attainment is high, with over half (50.57%) of the population holding a college or university degree. However, 24.14% of residents are not in the labor force, which may impact local economic dynamics. The absence of condominiums in the area suggests a focus on other housing types, further shaping the neighborhood's real estate landscape. Overall, this demographic profile paints a picture of a vibrant, diverse community with a mix of young professionals and families.