24 College View Avenue

Nestled in the vibrant community of Yonge-Eglinton, 24 College View Avenue, Toronto, presents an exceptional opportunity for savvy investors. This Multi-Family Home for sale in Toronto is a fully detached, solid brick legal triplex, boasting four self-contained units that are perfect for generating stable income. The property is situated in a highly desirable and well-established neighbourhood, making it an attractive choice for tenants and investors alike.

With a generous lot size of 40 feet by 135 feet, this impressive building is designed in a two-storey style and features a total of ten rooms, including six bedrooms and two dens. The layout is ideal for accommodating families or groups of professionals, providing ample space for comfortable living. The Multi-Family Home for sale in Toronto includes four kitchens, ensuring that each unit is fully equipped for independent living. While there is no additional kitchen, the existing kitchens are well-appointed, making meal preparation a breeze.

The property also features four bathrooms, which is a significant advantage for a multi-family dwelling. With three separate laundry areas, tenants can enjoy the convenience of doing their laundry without the hassle of shared facilities. The building is equipped with central air conditioning, ensuring a comfortable atmosphere throughout the year. While there is no family room or central vacuum system, the spacious layout allows for versatile use of the available space.

One of the standout features of this Multi-Family Home for sale in Toronto is the separate entrance to the basement, which offers a walk-up option, providing additional privacy for tenants. The property is also equipped with a detached garage that can accommodate two vehicles, along with a private driveway that offers further parking space for two additional cars. This is a significant benefit in the bustling city of Toronto, where parking can often be a challenge.

In terms of utilities, the property is connected to municipal water and sewer systems, ensuring reliable services for all residents. The heating system is radiant, providing warmth during the colder months. Additionally, the property features individual hydro meters for each unit, allowing tenants to manage their own electricity usage effectively.

This Multi-Family Home for sale in Toronto is not just a property; it’s a turn-key investment opportunity. With excellent long-term tenants already in place, some of whom have been residing in the building for over ten years, this investment promises stable income and minimal maintenance. Recent upgrades, including new windows, doors, and a new roof, have already been completed, adding significant value to the property and ensuring that it meets modern standards.

The location of 24 College View Avenue, Toronto, is another significant advantage. With easy access to the subway station and the Eglinton Crosstown LRT, commuting around the city is a breeze. The area is also home to top-ranking schools, making it an ideal choice for families. The community is well-established, offering a variety of amenities, shops, and restaurants within walking distance.

In summary, this Multi-Family Home for sale in Toronto is a rare opportunity in a prime location. With its solid brick construction, generous living space, and excellent tenant history, it is a fantastic investment for those looking to enter the rental market or expand their portfolio. Don’t miss out on the chance to own a piece of this thriving community at 24 College View Avenue, Toronto. Whether you’re an experienced investor or a first-time buyer, this property has everything you need to succeed in the competitive Toronto real estate market.

Yonge-Eglinton, often referred to as "Yonge and Eglinton," is a vibrant and bustling neighbourhood located in the heart of Toronto. This area is characterised by its lively mix of residential, commercial, and recreational spaces, making it a desirable place for those seeking urban convenience. With an array of shops, restaurants, and cafes lining the streets, residents enjoy a dynamic lifestyle complemented by excellent public transport links, including the Eglinton subway station. The community is also home to several parks and green spaces, providing a welcome respite from the urban hustle. Yonge-Eglinton's blend of modern living and accessibility makes it an attractive choice for anyone looking to immerse themselves in the energy of city life.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it an excellent choice for families. Within a short distance, you will find Oriole Park Junior Public School (0.2 km), which offers grades JK to 5 and boasts a commendable rating of 8.2. Allenby Junior Public School (0.9 km) and Forest Hill Junior and Senior Public School (1.0 km) provide additional options for elementary education, with ratings of 8.6 and 8.8, respectively. For secondary education, Forest Hill Collegiate Institute (1.2 km) and Marshall McLuhan Catholic Secondary School (0.6 km) are both accessible, offering grades 9 to 12. The area also features several French-language schools, such as John Fisher Junior Public School (1.3 km) and Humewood Community School (2.4 km). Additionally, Holy Rosary Catholic School (2.0 km) offers a strong curriculum in French for younger students. Overall, the diverse educational options in close proximity cater to various preferences and needs, ensuring that your children will receive a quality education in a nurturing environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 693 residents, with an average household size of 2.1 individuals. The demographic profile indicates a relatively young community, with an average age of 37.2 years. The average household income is notably high at $144,000, although 10.8% of the population falls within the low-income bracket. The real estate market reflects this affluence, with an average property price of $1,750,000. The community exhibits a diverse social structure, with nearly 47% of residents identifying as single and 41.67% living in households with children. Immigrants make up 23.42% of the population, contributing to the area's cultural richness. A significant majority, 79.17%, are renters, while 11.11% of the housing stock consists of condominiums. Education levels are impressive, with 72.73% of residents holding a college or university degree. However, it is worth noting that 19.7% of the population is not participating in the labor force, indicating potential challenges in employment opportunities. Overall, this area presents a vibrant community with a blend of affluence, educational attainment, and diversity.