121 Fourth Street

Nestled in the vibrant community of New Toronto, this exceptional Multi-Family Home for sale in Etobicoke is a remarkable investment opportunity that should not be missed. Located at 121 Fourth Street, Etobicoke, this impressive multiplex boasts a generous total of 10 units, making it an ideal choice for savvy investors looking to expand their portfolio. With a prime location and a wealth of features, this property is sure to attract attention.

The building itself is a charming three-storey structure, constructed from sturdy brick, which not only enhances its aesthetic appeal but also ensures durability. The property underwent a comprehensive renovation in 2018, which included new wiring and plumbing, ensuring that it meets modern standards and provides peace of mind for both investors and tenants alike. Each of the six kitchens is equipped with contemporary quartz countertops and stainless steel appliances, making them both stylish and functional. Additionally, there are four additional kitchens, allowing for versatility in the living arrangements within this Multi-Family Home for sale in Etobicoke.

With a total of 16 rooms, including an impressive eight bedrooms and four dens, this property offers ample space for families or groups of tenants. The ten bathrooms, a rare find in such a property, ensure that there is no shortage of convenience for residents. Each unit is equipped with in-suite laundry facilities and wall unit air conditioning, providing comfort and convenience for all occupants. Although there is no family room or central vacuum system, the layout of the units is designed to maximise space and functionality.

The basement of this Multi-Family Home for sale in Etobicoke features an apartment, adding to the potential for rental income. The height of the basement is 7.6 feet, which is quite generous and allows for a comfortable living environment. Furthermore, the property is equipped with a security system that includes six cameras, providing an added layer of safety and security for residents.

Situated on a spacious lot measuring 50 by 118 feet, this property also boasts a private driveway with parking space for up to six vehicles. While there is no garage, the ample parking is a significant advantage in this bustling area. The absence of a pool and fireplace may be noted, but the focus on practicality and modern amenities more than compensates for these features.

The location of 121 Fourth Street, Etobicoke, adds to the allure of this Multi-Family Home for sale in Etobicoke. Its proximity to the waterfront, walking and cycling trails, schools, and Humber College's Lakeshore Campus makes it an attractive option for families and students alike. Public transport options, including access to the GO Train, further enhance the convenience of living in this area.

With a total square footage of 6,648, as per the floor plans, this property offers ample space for various living arrangements. The existing mortgage is available for takeover at an attractive rate of 3.30%, with a maturity date at the end of 2028, making this an even more enticing investment opportunity.

In summary, this Multi-Family Home for sale in Etobicoke at 121 Fourth Street, Etobicoke, presents a unique opportunity for investors seeking a well-located, fully renovated property with numerous features and potential for rental income. With its modern amenities, spacious layout, and prime location, this property is a rare find in the competitive Etobicoke market. Don't miss your chance to explore this exceptional investment opportunity!

New Toronto, nestled within the city of Etobicoke, is a charming lakeside neighbourhood that offers a unique blend of urban convenience and suburban tranquillity. Characterised by its picturesque waterfront along Lake Ontario, the area boasts a mix of residential homes, local shops, and parks, making it an appealing choice for families and professionals alike. With easy access to public transport and major roadways, residents enjoy a seamless connection to downtown Toronto while still being able to retreat to the serene environment of their community. The vibrant local culture, coupled with recreational opportunities along the waterfront, creates a welcoming atmosphere that is both lively and relaxed.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various needs and preferences. The closest option is Second Street Junior Middle School, just 0.3 km away, offering both English and French language programs for grades JK to 8, with a commendable school rating of 6.8. Another nearby school is St. Josaphat Catholic School, located 0.6 km from the property, providing a Catholic education for grades JK to 8, although it currently holds a school rating of 0. For secondary education, Lakeshore Collegiate Institute is situated 1.4 km away, but it does not have a rating at this time. Alternatively, Father John Redmond Catholic Secondary School, also 1.4 km from the property, boasts a strong rating of 8 and offers a Catholic curriculum for grades 9 to 12. Additionally, St. Louis Catholic School, located 2.6 km away, provides French language education for grades JK to 4, with a rating of 7. Overall, this area offers a diverse range of educational opportunities for families, ensuring that students have access to quality schooling options close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, close-knit community with a population of 649 residents and an average household size of 2.4 individuals. The average age of residents is 41.3 years, indicating a mature population. Economically, the area boasts a robust average household income of $99,000, with only 10% of the population classified as low-income. The average property price is $970,000, reflecting the area's desirability. Socially, the community is diverse, with 20.8% of residents being immigrants and 44.44% of households having children. The population is fairly balanced in terms of marital status, with nearly half (49.55%) identifying as single. Additionally, 37.5% of the residents are renters, suggesting a dynamic housing market. Notably, there are no condominiums in the area, which may appeal to those seeking single-family homes. Education levels are high, with 62.5% of the population holding a college or university degree. However, a significant portion, 31.73%, is not in the labor force, which may reflect various lifestyle choices or retirement. Overall, this area offers a blend of economic stability, educational attainment, and family-oriented living.