123 Barton Avenue

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Toronto , located at 123 Barton Avenue, Toronto. This corner-lot multiplex is situated at the intersection of Clinton and Barton Avenue, nestled within the highly sought-after Annex community. The property boasts a generous lot size of 20 x 78 feet, making it an ideal choice for those seeking a lucrative rental income in a vibrant neighbourhood.

This Multi-Family Home for sale in Toronto features a total of five self-contained units, comprising efficient one-bedroom and bachelor layouts that are designed to attract a variety of tenants. Additionally, there is a den that can be utilised for various purposes, enhancing the versatility of the property. With a total of 13 rooms, including five kitchens and one additional kitchen, this building is well-equipped to meet the needs of its residents. The property also includes six bathrooms, ensuring convenience for all tenants.

The third-floor unit stands out with its access to a large private rooftop terrace, providing an excellent space for relaxation and outdoor entertaining. This feature is particularly appealing, as it offers tenants a unique outdoor area to enjoy the beautiful Toronto skyline. Furthermore, the building has undergone several improvements, including a new flat roof that was installed just two years ago, a waterproofed basement, and a furnace that was replaced five years ago. These thoughtful updates contribute to the overall quality and appeal of this Multi-Family Home for sale in Toronto.

While the property does not include air conditioning or a central vacuum system, it is equipped with forced air heating and is connected to municipal water and sewer services. Tenants will appreciate the convenience of shared coin-operated Maytag laundry machines located on-site, further enhancing the attractiveness of the units. However, it is worth noting that there is no garage space, driveway, or additional land associated with the property, which may be a consideration for potential buyers.

The Annex community is renowned for its vibrant atmosphere, rich cultural scene, and proximity to various amenities, making this Multi-Family Home for sale in Toronto an excellent choice for investors looking to capitalise on the area's strong rental market. The gross rental income potential, including the coin laundry, exceeds $130,000, underscoring the financial viability of this investment. The tenant appeal is further bolstered by the property's location, which is within easy reach of public transport, shops, and dining options.

In summary, 123 Barton Avenue, Toronto, presents an exceptional opportunity for those seeking a Multi-Family Home for sale in Toronto. With its strategic location in the Annex, a well-maintained building, and a strong income potential, this property is poised to deliver solid returns for its new owner. Whether you are an experienced investor or a first-time buyer, this multiplex offers a unique chance to enter the thriving Toronto rental market. Don't miss out on the opportunity to acquire this impressive property, which combines thoughtful updates with a desirable location, making it a standout choice in the competitive real estate landscape.

The Annex is a vibrant and eclectic neighbourhood in Toronto, renowned for its charming tree-lined streets and historic Victorian homes. Nestled just north of the bustling downtown core, it boasts a rich cultural tapestry, with an array of independent shops, cafes, and restaurants that cater to diverse tastes. The area is also home to a lively arts scene, featuring galleries and theatres, as well as proximity to the University of Toronto, which infuses the community with a youthful energy. With its blend of heritage architecture and modern amenities, the Annex offers a unique urban living experience, making it an attractive choice for those seeking a dynamic and engaging environment.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it an excellent choice for families. Within a short distance, you'll find Palmerston Avenue Junior Public School, just 0.3 km away, offering grades JK to 6 with a commendable school rating of 8.5. Essex Junior and Senior Public School, located 0.4 km from the property, serves grades JK to 8 and has a rating of 5.9. For secondary education, Harbord Collegiate Institute is a mere 0.7 km away, boasting a high rating of 8.8 for grades 9 to 12. Additionally, there are several Catholic schools in the vicinity, including St. Bruno / St. Raymond Catholic School (1.0 km, rating 5.5) and Holy Rosary Catholic School (2.1 km, rating 8.7). The area also features French-language options, such as Lord Lansdowne Junior Public School and St. Mary Catholic School. Overall, the diverse range of nearby schools, including both public and Catholic options, ensures that families have access to quality education tailored to their needs. This proximity to schools enhances the appeal of the property for potential buyers looking for a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 352 residents, with an average household size of 2.4 individuals. The demographic profile reveals an average age of 39.9 years and a robust average household income of $118,000. Notably, only 10% of the population is classified as low-income. The real estate market reflects a high average property price of $1,360,000, indicating a potentially affluent community. A significant portion of the population, 52.38%, is single, while 41.18% of households include children, suggesting a mix of family-oriented and individual residents. The area is also diverse, with 28.38% of residents being immigrants. Renters comprise a substantial 53.57% of the housing market, while there are no condos reported in the area. Educational attainment is high, with 67.16% of the population holding a college or university degree. Additionally, 14.93% of residents are not in the labor force, indicating a mix of employment statuses. This demographic snapshot highlights a vibrant community with a blend of families, singles, and a well-educated populace, making it an attractive location for potential homebuyers and investors.