283 Cedarvale Avenue

Introducing a remarkable opportunity for investors, multi-generational families, and discerning urban dwellers alike: a Multi-Family Home for sale in East York , located at 283 Cedarvale Avenue, East York. This beautifully reimagined duplex has been meticulously stripped to the studs and rebuilt with a clear vision, making it a legal duplex that caters to contemporary lifestyles while offering immense potential for future growth.

Nestled in the desirable Woodbine-Lumsden community, this 2-storey multiplex boasts an impressive exterior of brick, ensuring both durability and aesthetic appeal. The property features a total of eight rooms, including two spacious bedrooms and a den, along with four well-appointed bathrooms. The heart of the home consists of two kitchens, providing ample space for culinary creativity and family gatherings. Each floor presents a generous 1,000 square foot one-bedroom suite, where natural light floods in, creating an inviting atmosphere that is both practical and welcoming.

The property at 283 Cedarvale Avenue, East York, sits on a rare 25 x 163 ft lot, offering enviable outdoor space that is fully landscaped. The backyard is a true oasis, complemented by a detached garage/shed combination and a beautifully designed tumble stone driveway, providing parking for up to four vehicles. This is a significant advantage, ensuring that there is finally enough room for everyone, whether you have guests or family members visiting.

Moreover, this Multi-Family Home for sale in East York boasts a finished basement with a separate entrance, presenting incredible potential for a bonus third suite. This additional space is complete with its own three-piece ensuite bath, making it ideal for overnight guests, a dedicated home office, or extra storage. The versatility of this property is further highlighted by the potential for a 1,500 square foot garden suite, which extends the promise of future value and income growth.

One of the standout features of this property is the possibility of converting the second floor into a two-bedroom suite, adding yet another layer of flexibility to this already versatile home. Whether you are an investor crunching the numbers or a family seeking multi-unit living, this Multi-Family Home for sale in East York delivers on every front.

In terms of amenities, the property is equipped with central air conditioning, ensuring comfort throughout the warmer months. While there is no fireplace or central vacuum system, the home is unfurnished, allowing you to personalise the space to your taste. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services, ensuring reliability and convenience.

Positioned strategically for easy access to schools, parks, the DVP, transit, and the vibrant atmosphere of the Danforth, 283 Cedarvale Avenue, East York, makes a compelling case for design, function, and long-term upside. With brand-new systems, finishes, and landscaping, this property is not just turnkey; it is future-proofed, ready to accommodate your needs today and in the years to come.

In summary, this Multi-Family Home for sale in East York is a unique opportunity that should not be overlooked. With its thoughtful design, ample space, and potential for growth, 283 Cedarvale Avenue, East York, is a property that works as hard as you do. Whether you are looking to invest, accommodate a large family, or simply enjoy the benefits of multi-unit living, this home offers the flexibility and potential that modern living demands. Seize this opportunity to secure a property that promises both immediate enjoyment and long-term value.

Woodbine-Lumsden is a charming neighbourhood nestled within the vibrant East York district of Toronto. Characterised by its tree-lined streets and a mix of quaint homes, this area offers a delightful suburban feel while remaining conveniently close to the city's amenities. Residents enjoy easy access to public transport, making commuting a breeze, and a variety of local shops, cafes, and parks contribute to the area's welcoming atmosphere. The community is known for its friendly vibe and diverse population, making it an ideal place for families and individuals alike who seek a balance of tranquillity and urban convenience.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Gledhill Junior Public School (0.6 km) and D A Morrison Middle School (0.4 km), both part of the Toronto District School Board, offering a solid foundation for elementary education from Junior Kindergarten to Grade 8. For secondary education, East York Collegiate Institute, located 1.2 km away, boasts a commendable school rating of 5.4, serving grades 9 to 12. Additionally, Earl Beatty Junior and Senior Public School, just 0.9 km from the property, offers a French language program with a rating of 6.1, catering to grades JK to 8. For those seeking a Catholic education, St. Brigid Catholic School is available at 0.6 km, providing English and French instruction for grades JK to 8, with a rating of 5.5. Lastly, St. Patrick Catholic Secondary School, located 1.9 km away, serves grades 9 to 12 and has a strong rating of 6.9. This diverse educational landscape ensures that families have access to quality schooling options right at their doorstep.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 710 residents, with an average household size of 2.5. The demographic profile indicates a mature community, with an average age of 40.5 years. The average household income is notably high at $120,000, reflecting a relatively affluent population, with only 5.8% classified as low-income. The real estate market shows an average property price of $1,050,000, indicating a competitive housing environment. A significant portion of the population, 36.21%, is single, while households with children make up 51.22%, highlighting a family-friendly atmosphere. Immigrants represent 26.88% of the community, contributing to its diversity. Additionally, 38.98% of residents are renters, suggesting a mix of ownership and rental properties, although there are no condominiums available in the area. Educational attainment is high, with 66.13% of residents holding a college or university degree. However, a notable 29.84% of the population is not in the labor force, which may influence local economic dynamics. Overall, this demographic snapshot portrays a vibrant and diverse community with a strong emphasis on education and family life.