124 Baldwin Street

Nestled in the vibrant community of Kensington-Chinatown, this semi-detached house for sale in Toronto at 124 Baldwin Street, Toronto, presents an exceptional investment opportunity. With its prime location just steps away from the University of Toronto, Chinatown, and the bustling Hospital Row, this property is perfectly positioned for those seeking both convenience and potential.

The property boasts a distinctive 2 1/2 storey building style, featuring an exterior of aluminium siding and brick, which not only adds to its aesthetic appeal but also ensures durability. This house for sale in Toronto comprises a total of 10 rooms, including four spacious bedrooms and two additional rooms that can serve various purposes. With eight bathrooms and a well-equipped kitchen, this residence is designed to accommodate a large number of tenants comfortably.

One of the standout features of this house for sale in Toronto is its impressive configuration of eight self-contained units, all currently occupied with long-standing tenants. This ensures a steady income stream, with the current net income approximately at £100,000 and a gross income of £130,000. The potential for growth is significant, with an easy 20% upside without the need for renovations. This makes it an ideal choice for an owner/operator with a long-term vision, particularly in a market as dynamic as Toronto.

The layout includes a separate entrance leading to a basement apartment, providing additional living space or rental opportunities. Although the property does not feature a family room, fireplace, or central vacuum system, it is equipped with municipal water and sewer services, ensuring all essential amenities are readily available. The absence of air conditioning may be a consideration for some, yet the property’s overall configuration and location more than compensate for this.

Parking is another advantage of this house for sale in Toronto, with space for up to five vehicles available on the lane driveway. This is particularly beneficial in a city where parking can often be a challenge. The lot measures 25 by 125 feet, providing ample outdoor space for tenants or potential future developments.

While the property is currently unfurnished, this offers the new owner the opportunity to tailor the interior to their preferences or to maintain it as a rental space without the burden of additional furnishings. The absence of a pool may also appeal to those looking for a low-maintenance investment.

In summary, 124 Baldwin Street, Toronto, is a remarkable house for sale in Toronto that combines an excellent investment potential with a desirable location. The property’s eight self-contained units, long-standing tenants, and substantial income make it a compelling option for investors looking to capitalise on the thriving rental market in the city. The proximity to key amenities, including educational institutions and healthcare facilities, further enhances its appeal.

Do not miss out on this opportunity to acquire a house for sale in Toronto that promises both immediate returns and long-term growth potential. With its strategic location and well-structured units, this property is a rare find in the competitive Toronto real estate market. Bring your offers now and secure your stake in this outstanding investment property at 124 Baldwin Street, Toronto.

Kensington-Chinatown, nestled in the heart of Toronto, is a vibrant and eclectic neighbourhood that seamlessly blends the rich cultural heritage of its Chinese roots with a bohemian flair. This dynamic area is characterised by its bustling markets, diverse eateries, and unique boutiques, creating a lively atmosphere that attracts both locals and visitors alike. The streets are often alive with the sounds of street performers and the aroma of delicious street food, while the historic architecture adds a charming backdrop to the vibrant street life. With its close proximity to downtown Toronto, excellent public transport links, and a strong sense of community spirit, Kensington-Chinatown offers a unique urban experience that celebrates diversity and creativity, making it an appealing choice for anyone looking to immerse themselves in a culturally rich environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various needs for families with children. The closest school is Beverley School, a public institution offering grades JK to 8, situated just 0.2 km away. For families seeking French immersion, Lord Lansdowne Junior Public School, also a public school for grades JK to 8, is located 0.5 km from the property. Additionally, St. Mary Catholic School provides an English and French curriculum for grades JK to 4, located 1.2 km away. For secondary education, Harbord Collegiate Institute, a highly-rated public school with a rating of 8.8, is 1.5 km from the property, serving grades 9 to 12. St. Joseph's College School, a Catholic secondary school with a rating of 7.6, is also within 1.2 km, catering to grades 9 to 12. The proximity to these schools not only enhances the appeal of the property but also ensures a variety of educational options for children of all ages, making it an ideal location for families.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 450 residents, with an average household size of 1.8 individuals. The demographic profile reveals a relatively young population, with an average age of 36.9 years. The average household income stands at $85,000, although 23.6% of the population is classified as low-income. The housing market reflects a high average price of $950,000, indicating a potentially affluent community. A significant majority of the residents, 73.86%, are single, while only 23.08% of households have children, suggesting a preference for smaller family units. The area is also notable for its diversity, with 27.38% of residents being immigrants. Renters dominate the housing landscape, comprising 86% of the population, and there are no condominiums available in the area. Educational attainment is high, with 71.43% of residents holding a college or university degree. However, 23.81% of the population is not in the labor force, indicating potential challenges in employment opportunities. Overall, this demographic snapshot highlights a young, educated, and predominantly single population with a significant rental market and a diverse community.