133 Galt Avenue

Welcome to the charming and vibrant neighbourhood of South Riverdale, where an exceptional opportunity awaits you with this Multi-Family Home for sale in Toronto . Nestled at 133 Galt Avenue, Toronto, this legal triplex is an investment gem, perfectly positioned just a stone's throw away from the bustling intersection of Gerrard St E and Jones Ave. This delightful property is situated on a quiet, tree-lined residential street, making it an ideal retreat from the city's hustle and bustle.

The building itself is a stunning 2 1/2 storey multiplex, boasting a classic brick exterior that exudes character and charm. With a total of nine rooms, including four spacious bedrooms and two additional den spaces, this Multi-Family Home for sale in Toronto is designed to cater to a variety of living arrangements. Each of the three units features an open-concept layout, creating a bright and airy atmosphere that is perfect for modern living. The main floor unit is particularly inviting, with an abundance of natural light flooding in, making it a lovely space to relax and unwind.

Each unit within this Multi-Family Home for sale in Toronto comes equipped with its own full bathroom and kitchen, ensuring that residents enjoy privacy and convenience. The property also features a separate entrance, allowing for easy access to all three units. The upper unit is a standout, featuring a lovely walk-out to a private balcony, perfect for enjoying your morning coffee or an evening glass of wine while taking in the views of the neighbourhood. Meanwhile, the lower unit boasts a spacious open-concept kitchen and living area, making it an ideal space for entertaining guests or simply enjoying a quiet night in.

One of the great features of this property is the coin-operated laundry facility, which adds an extra layer of convenience for tenants. With all three units currently tenant-occupied, this Multi-Family Home for sale in Toronto presents a fantastic opportunity for investors looking to benefit from excellent annual cash flow. The property also includes two parking spaces, a rare find in this sought-after area.

While this home does not have a family room, central vacuum system, or a pool, it more than makes up for it with its location and the amenities it offers. The heating system is forced air, and the property is connected to municipal water and sewer services. The basement is finished and has a separate entrance, providing additional versatility for potential uses.

Living at 133 Galt Avenue, Toronto, means enjoying unbeatable convenience. Just half a block away, you'll find streetcars and buses, making commuting a breeze. For those who love shopping and dining, Gerrard Square is within walking distance, and you’re just a short ride away from the beautiful beaches, local grocery stores, schools, and the vibrant scenes along Queen St East and Danforth Ave.

In conclusion, this Multi-Family Home for sale in Toronto is not just a property; it’s an opportunity to invest in one of Toronto's most desirable neighbourhoods. Whether you're looking to expand your investment portfolio or seeking a unique living arrangement, this legal triplex at 133 Galt Avenue, Toronto, offers everything you need. Don't miss out on this chance to own a turnkey income property that promises both comfort and convenience in the heart of South Riverdale. Act quickly, as opportunities like this don’t come around often!

South Riverdale, nestled in the vibrant city of Toronto, is a diverse and dynamic neighbourhood that beautifully blends urban living with a strong sense of local identity. Characterised by its charming tree-lined streets, historic homes, and a rich tapestry of cultural influences, South Riverdale offers a unique lifestyle for its residents. The area boasts an array of amenities, including trendy cafes, eclectic shops, and lush parks, making it an ideal spot for those who appreciate both convenience and community spirit. With excellent public transport links and a lively arts scene, South Riverdale is perfect for individuals and families alike, seeking a welcoming environment that celebrates both tradition and modernity.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is Blake Street Junior Public School, just 0.2 km away, which serves grades JK to 6 and has a school rating of 6.2. Another nearby option is the East Alternative School of Toronto, also 0.2 km away, catering to grades 7 to 8, although it currently has no rating. For secondary education, Monarch Park Collegiate Institute is located 1.5 km away and boasts a strong rating of 8.3, serving grades 9 to 12. Duke of Connaught Junior and Senior Public School, offering French instruction for grades JK to 8, is 1.3 km from the property with a rating of 5.8. St. Joseph Catholic School, a Catholic elementary school 0.7 km away, has a rating of 6.6 and serves grades JK to 8. Additionally, St. Patrick Catholic Secondary School, located 1.1 km away, serves grades 9 to 12 with a rating of 6.9. Lastly, Holy Name Catholic School, also 1.1 km away, offers French education for grades JK to 3 and has a rating of 7.3. This diverse array of schools provides excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 594 residents, with an average household size of 2.5. The demographic profile reveals an average age of 41.9 years and a robust average household income of $106,000. However, 15.4% of the population is classified as low-income. The housing market reflects an average property price of $1,100,000, indicating a relatively affluent community. Notably, 53.33% of the population is single, while 33.33% of households include children, suggesting a mix of family and individual living arrangements. The area is diverse, with 39.6% of residents being immigrants, contributing to its multicultural environment. Additionally, a significant portion of the population, 50.98%, are renters, highlighting a demand for rental properties. Interestingly, there are no condominiums in the area, which may influence housing options. Educational attainment is notable, with 42.97% of residents holding a college or university degree. However, 35.16% of the population is not in the labor force, which could reflect various socioeconomic factors. Overall, this community presents a blend of affluence, diversity, and a mix of family and individual households, making it an attractive area for potential buyers or investors.