147 Vaughan Road

Nestled in the heart of the vibrant Humewood-Cedarvale community, this remarkable property at 147 Vaughan Road, Toronto, presents a unique opportunity for investors. This Multi-Family Home for sale in Toronto boasts an impressive 12-unit walk-up apartment building, strategically located just a stone's throw from the St Clair Ave W Subway Station. This prime location not only offers convenience for residents but also enhances the property's appeal to potential tenants.

Over the past eight years, 147 Vaughan Road, Toronto, has undergone extensive renovations, ensuring that the building is in excellent condition and ready for immediate occupancy. With a total of 48 rooms, including 12 well-appointed bedrooms and 12 bathrooms, this Multi-Family Home for sale in Toronto is designed to accommodate a variety of living arrangements. Each unit features its own kitchen, providing residents with the independence and comfort they desire. The absence of a central vacuum system and additional kitchens means that the focus remains on the spacious and functional layout of each unit.

The exterior of the building is constructed from durable brick, contributing to its aesthetic appeal and longevity. Spanning three storeys, this multiplex structure offers ample living space while maintaining a cosy atmosphere. The property sits on a generous lot measuring 50 by 129 feet, providing a pleasant outdoor environment for residents to enjoy. While there is no pool or garage space, the property does include parking for up to three vehicles, ensuring that residents have convenient access to their cars.

One of the standout features of this Multi-Family Home for sale in Toronto is its strong in-place income, which presents an attractive opportunity for prospective purchasers. The property is already generating significant revenue, making it a sound investment choice. Furthermore, with the Committee of Adjustment's approval to construct a new 12-storey apartment building containing 80 units, the potential for future growth and development is immense. This could significantly increase the property's value and income potential in the coming years.

The building is heated by a water system, providing efficient warmth during the colder months. Although there is no air conditioning, the design of the apartments ensures that they remain comfortable year-round. The presence of a fireplace in the building adds a charming touch, offering a cosy focal point for residents during the winter months. Internet connectivity is readily available, allowing residents to stay connected and work from home if needed.

The absence of a family room and additional land means that the focus remains on the residential units, making this property an ideal choice for those looking to invest in a straightforward, income-generating asset. The lack of furnishings allows new owners to personalise the space to their liking, creating a unique living environment for tenants.

In terms of taxes, the property at 147 Vaughan Road, Toronto, is assessed at $15,484 for the year 2024, a manageable amount considering the strong income it generates. This Multi-Family Home for sale in Toronto is not just a property; it is a strategic investment in a highly sought-after area, with no immediate capital expenditures forecasted in the near or medium term.

In summary, this Multi-Family Home for sale in Toronto at 147 Vaughan Road, Toronto, is a rare find in the competitive real estate market. With its extensive renovations, prime location, and strong income potential, it represents an exceptional opportunity for investors looking to expand their portfolio. Don't miss out on the chance to own this impressive property in the desirable Humewood-Cedarvale community.

Humewood-Cedarvale is a charming residential neighbourhood in Toronto, characterised by its lush greenery and a strong sense of community spirit. Nestled between the bustling streets of St. Clair Avenue and the serene Cedarvale Park, this area boasts a delightful mix of historic homes and modern amenities. The tree-lined streets invite leisurely strolls, while local shops, cafes, and schools contribute to a vibrant yet relaxed atmosphere. With easy access to public transport and proximity to downtown Toronto, Humewood-Cedarvale offers a perfect balance of suburban tranquillity and urban convenience, making it an ideal place for families and individuals alike.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.6 km, you'll find Humewood Community School, a public institution offering grades JK to 8, rated 6.6, and Holy Rosary Catholic School, also within the same distance, providing an excellent Catholic education for grades JK to 8 with a high rating of 8.9. For secondary education, Forest Hill Collegiate Institute is located 2.0 km away, although it currently holds a rating of 0. Loretto College School, a Catholic secondary school for grades 9 to 12, is also 2.0 km from the property, with a respectable rating of 7.1. Additionally, Marshall McLuhan Catholic Secondary School, offering grades 9 to 12, is situated 2.7 km away and has a rating of 7.7. The area also features schools that provide education in both English and French, catering to diverse language preferences. Overall, the proximity to a variety of schools with strong ratings enhances the appeal of this property for families prioritizing education.