19 Roseland Drive

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Etobicoke , located at 19 Roseland Drive, Etobicoke. This impressive 4-plex property is situated in the highly sought-after Alderwood community, an area known for its vibrant atmosphere and convenient amenities. With a total of 16 rooms, including 8 spacious bedrooms and 4 well-appointed bathrooms, this property presents an exceptional investment prospect for those looking to enhance their portfolio.

The building, which is a two-storey multiplex constructed from durable brick, boasts a generous lot size of 60 x 107 feet. This Multi-Family Home for sale in Etobicoke is not only designed for comfortable living but also offers significant income potential, with a total gross income of approximately £104,460. The property is equipped with four kitchens, ensuring that each unit has the necessary facilities for tenants to thrive. However, it is worth noting that there are no additional kitchens or a central vacuum system present in the home.

As you explore the features of this Multi-Family Home for sale in Etobicoke, you will find that it includes six fridges and six stoves, providing essential appliances for each unit. The absence of a garage and driveway is compensated by the availability of parking space for up to five vehicles, making it convenient for tenants and their guests. The property is unfurnished, allowing new owners to personalise the space according to their preferences.

The heating system is radiant, ensuring a warm and inviting atmosphere throughout the colder months. While there is no air conditioning or fireplace, the property benefits from municipal water and sewer services, which are essential for modern living. Additionally, internet connectivity is available, catering to the needs of today's tenants who require reliable online access.

This Multi-Family Home for sale in Etobicoke is ideally located near public transit and grocery stores, making it an attractive option for renters who value convenience. The strong demand for rental units in the area further enhances the investment potential, providing a reliable income stream for the new owner. The presence of two non-conforming units within the building allows for future rental upside, presenting an exciting opportunity for increased cash flow.

With a history spanning 51 to 99 years, this property has stood the test of time and offers a unique character that newer constructions may lack. The Alderwood community is known for its family-friendly environment, making it a desirable location for tenants seeking a place to call home. The proximity to various amenities, including parks, schools, and shopping centres, adds to the appeal of this Multi-Family Home for sale in Etobicoke.

In summary, 19 Roseland Drive, Etobicoke, is a fantastic investment opportunity that should not be overlooked. With its spacious layout, multiple kitchens, and prime location, this property is poised to deliver both immediate income and long-term growth potential. Whether you are an experienced investor or a first-time buyer looking to enter the rental market, this Multi-Family Home for sale in Etobicoke is an opportunity that promises to deliver value and returns. Don't miss your chance to secure this exceptional property and capitalise on the thriving rental market in the area. Act now and make 19 Roseland Drive, Etobicoke, your next successful investment!

Alderwood, nestled in the vibrant city of Etobicoke, offers a charming suburban atmosphere with a delightful blend of residential and recreational spaces. This picturesque neighbourhood is characterised by its tree-lined streets, well-maintained parks, and a variety of local amenities, making it an ideal place for families and individuals alike. With easy access to major highways and public transport, residents enjoy a convenient commute to downtown Toronto while still relishing the tranquillity of suburban life. The community boasts a diverse mix of shops, eateries, and schools, fostering a welcoming environment that encourages both social interaction and a strong sense of belonging. Whether you're strolling through the local parks or exploring the nearby waterfront, Alderwood provides a serene yet connected lifestyle that appeals to many.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. The closest option is Sir Adam Beck Junior School, just 0.3 km away, offering elementary education from JK to grade 5 under the Toronto District School Board. For a broader curriculum, Lanor Junior Middle School, located 1.1 km away, serves grades JK to 8 and has a commendable school rating of 6.4. Families seeking secondary education will find Lakeshore Collegiate Institute (2.1 km away) and Applewood Heights Secondary School (4.9 km away) providing options for grades 9 to 12, with ratings of 0 and 6.7 respectively. Additionally, St. Ambrose Catholic School, 1.0 km away, offers a strong Catholic education for JK to grade 8 with an impressive rating of 8.2. For those interested in French-language education, Second Street Junior Middle School and St. Louis Catholic School are also nearby, offering programs from JK to 8 and JK to 4, respectively. Overall, the area boasts a diverse selection of schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 384 residents, with an average household size of 2.5 individuals. The community is characterized by a median age of 43 years, reflecting a mature demographic. The average household income stands at $91,000, indicating a relatively affluent population, with only 8.5% classified as low-income. The real estate market in this area is robust, with an average property price of $1,100,000. Notably, 52.24% of the residents are single, and 40.91% of households include children, suggesting a diverse family structure. The community is also home to a significant immigrant population, making up 35.29% of the residents. Renters comprise a substantial portion at 51.52%, while there are no condominiums available in the area. Educational attainment is high, with 53.13% of residents holding a college or university degree. However, it is worth noting that a significant portion of the population, 46.88%, is not currently in the labor force, which may impact the local economy. Overall, this demographic profile paints a picture of a well-educated, diverse community with a mix of families and singles, set in a relatively affluent neighborhood.