16 Muskoka Avenue

If you’re on the lookout for a fantastic investment opportunity, then you’ll want to take a closer look at this Multi-Family Home for sale in Etobicoke , located at 16 Muskoka Avenue, Etobicoke. This impressive property is a fully renovated multiplex, boasting a stylish two-storey design and a brick exterior that adds to its charm. Nestled in the upscale waterfront community of Long Branch, this home is not just a residence; it’s a golden ticket for savvy investors.

This Multi-Family Home for sale in Etobicoke features a generous total of 18 rooms, which includes three spacious kitchens—perfect for accommodating multiple families or tenants. The layout comprises two three-bedroom, two-bathroom suites and one two-bedroom suite located on the lower level. Each suite is designed with bright, open floor plans that create a welcoming atmosphere, complemented by ensuite laundries for added convenience. You’ll also find balconies on both the main and second floors, providing lovely outdoor spaces to relax and enjoy the fresh air.

One of the standout features of this property is the central air conditioning, ensuring that all residents remain comfortable during those warm summer months. Although there’s no fireplace or family room, the ample space in this Multi-Family Home for sale in Etobicoke allows for plenty of versatility in how you choose to utilise the rooms. With a total of five bathrooms, there’s no need to worry about queues during the morning rush!

The property is set on a substantial lot measuring 46 x 160 feet, situated on a lovely tree-lined street just a stone's throw from the lakefront. The outdoor space includes a private double driveway that can accommodate four additional parking spots, along with a detached double car garage—ideal for those with multiple vehicles or for guests. While there’s no pool on the premises, the attractive rear garden with a patio offers a perfect spot for outdoor gatherings or a peaceful retreat.

When it comes to utilities, this Multi-Family Home for sale in Etobicoke is equipped with municipal water and sewer services, ensuring that all essential amenities are readily available. The heating is provided by a forced air system, and while there’s no central vacuum system, the property is unfurnished, allowing new owners to personalise the space to their taste.

Location is key, and this property does not disappoint. 16 Muskoka Avenue, Etobicoke, is conveniently situated near schools, parks, and recreational facilities, making it an ideal spot for families. You’ll also find shopping centres within easy reach, along with the Long Branch Go Train Station and streetcar services, providing excellent transport links to the rest of Toronto. Plus, with easy access to major highways and the airport, commuting is a breeze.

For those considering the financial aspect, this investment package is particularly appealing. With an estimated net annual income of approximately £96,000 based on current area rents, along with an additional £4,000 minimum from the six parking spots, this property is poised to generate a solid return on investment. The vacant possession means you can start earning right away without the hassle of waiting for tenants to vacate.

In summary, this Multi-Family Home for sale in Etobicoke at 16 Muskoka Avenue, Etobicoke, is a rare find in a highly desirable location. With its spacious suites, prime location, and solid income potential, it’s an opportunity that should not be overlooked. Whether you’re an experienced investor or just starting out, this property is worth a visit. Don’t miss your chance to secure a piece of the vibrant Long Branch community!

Long Branch, nestled within the city of Etobicoke, offers a charming blend of suburban tranquility and urban convenience. This picturesque lakeside neighbourhood is characterised by its leafy streets, well-maintained parks, and a welcoming atmosphere. Residents enjoy easy access to the scenic shores of Lake Ontario, where walking and cycling paths invite leisurely strolls and outdoor activities. The area boasts a diverse array of amenities, including local shops, cafes, and schools, all within a short distance. With its strong sense of community spirit and proximity to Toronto's vibrant city life, Long Branch presents an appealing option for those seeking a serene yet connected lifestyle.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, catering to different needs and preferences. Within a short distance, you'll find James S Bell Junior Middle Sports and Wellness Academy, just 0.3 km away, offering grades JK to 8 with a school rating of 6.3. For secondary education, Lakeshore Collegiate Institute is located 1.5 km from the property, although it currently has a school rating of 0. The Holy Trinity Catholic School, also within 1.3 km, provides a strong Catholic education for grades JK to 8, boasting a higher rating of 7.7. For high school students, Father John Redmond Catholic Secondary School, also 1.3 km away, offers a robust arts program with an impressive rating of 8.6. Additional options include Second Street Junior Middle School, which teaches in French, and St. Leo and St. Louis Catholic Schools, both offering early education in French. Overall, the area provides a diverse selection of public and Catholic schools, ensuring families have access to quality education close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a population of 1,170 residents, with an average household size of two individuals. The community has a median age of 40.4 years and an average household income of $75,600. Notably, 20.6% of the population falls under the low-income category. The housing market is characterized by high property values, with an average price of $1,200,000, while a significant majority of residents, 92.17%, are renters, indicating a lack of ownership opportunities, as there are no condominiums available in the area. The demographic composition shows a diverse community, with 41.56% of residents being immigrants. Additionally, 56.06% of the population is single, and 33.9% of households include children. Educational attainment is relatively high, with 58.42% of residents holding a college or university degree. However, a substantial portion of the population, 40.1%, is not in the labor force, which may reflect various socioeconomic factors influencing employment in the area. Overall, this community presents a unique blend of demographics that could appeal to potential buyers and investors.