151 Ascot Avenue

Nestled in the vibrant community of Corso Italia-Davenport, this stunning house for sale in Toronto at 151 Ascot Avenue, Toronto, is an incredible opportunity for anyone looking to invest in a prime urban location. This detached two-storey brick home boasts a generous lot size of 36 by 120 feet, providing ample space for potential development. With plans for two fourplexes and a laneway suite, this property is on the verge of unlocking significant density and long-term value.

As you step inside this house for sale in Toronto, you'll find that it features five spacious bedrooms, perfect for a growing family or for accommodating guests. The property also includes a den, which can be used as a home office or a quiet reading nook. With three bathrooms, there’s no need to worry about morning queues, making it ideal for busy households. The main kitchen is well-equipped, and there are two additional kitchens, providing flexibility for cooking and entertaining.

While the house does not come with a pool or a fireplace, it offers central air conditioning to keep you cool during those hot summer months. The absence of a family room might seem like a drawback, but the finished basement offers a versatile space that can be transformed into a recreational area or additional living quarters. The home is unfurnished, allowing you to put your own stamp on it and create a space that truly reflects your style.

The property is equipped with municipal water and sewer services, ensuring that all your basic needs are met. The heating system is forced air, providing warmth during the chilly Toronto winters. Although there is no central vacuum system, the practicality of this house for sale in Toronto is evident in its design and layout.

Parking will never be an issue here, as the detached garage can accommodate up to three vehicles, and the private driveway offers space for an additional three cars. This is a significant advantage in a bustling city like Toronto, where parking can often be a challenge.

Currently, the existing dwelling is in clean, livable condition, making it a viable option for immediate rental income. With the property leasing three units and the garage, you could be looking at approximately $6,912.50 per month in rental income, with tenants covering their share of utilities. This presents a fantastic opportunity for investors or custom builders who are keen to maximise density and appreciation while enjoying immediate returns.

The location of 151 Ascot Avenue, Toronto, is another selling point. Situated in the heart of Corso Italia-Davenport, you're just a stone's throw away from local shops, restaurants, and parks. This neighbourhood is known for its vibrant community spirit and rich cultural heritage, making it a desirable place to live.

This house for sale in Toronto is not just a property; it’s a strategic buy with rare multi-unit potential nearing completion. The groundwork has already been laid for a custom builder or investor looking to make the most of this unique opportunity. Whether you choose to build now or wait for the market to rebound, this property is poised for long-term success.

In summary, if you’re in the market for a house for sale in Toronto that offers both immediate rental income and exciting future development potential, look no further than 151 Ascot Avenue, Toronto. With its spacious layout, prime location, and the promise of increased density, this property is a rare find that should not be missed. Don’t hesitate to explore this remarkable opportunity in one of Toronto's most sought-after communities!

Corso Italia-Davenport is a vibrant and diverse neighbourhood nestled in the heart of Toronto, renowned for its rich Italian heritage and lively atmosphere. This area boasts a delightful mix of charming boutiques, cafes, and restaurants, offering a taste of authentic Italian cuisine alongside a variety of international options. Tree-lined streets and well-maintained parks provide a welcoming environment for families and individuals alike. With excellent public transport links and proximity to downtown, residents enjoy both the tranquillity of suburban life and the convenience of urban amenities. The community's strong sense of identity is reflected in its cultural events and local festivals, making it an inviting place for anyone looking to immerse themselves in a dynamic and friendly setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find F H Miller Junior Public School, just 0.9 km away, offering grades JK to 6 with a school rating of 5.4. Rawlinson Community School, located 1.0 km away, provides both English and French instruction for grades JK to 8, with a rating of 5.1. Stella Maris Catholic School, only 0.4 km from the property, caters to JK to 8 students and has a rating of 3.7. For older students, George Harvey Collegiate Institute is 2.0 km away, although it currently has a rating of 0. Loretto College School, a Catholic institution for grades 9 to 12, is situated 0.6 km from the property and boasts a rating of 6. Additionally, Marshall McLuhan Catholic Secondary School, 4.6 km away, has a rating of 6.6. Overall, the area offers a diverse range of schooling options, including both public and Catholic schools, in various languages, ensuring a supportive educational environment for children of all ages.