284 Avenue Road

If you’re on the lookout for a fantastic investment opportunity, you’ll want to check out this house for sale in Toronto , located at 284 Avenue Road, Toronto. Nestled in the prestigious Casa Loma community, this semi-detached, three-storey brick building is a rare gem that offers a wealth of potential. With its prime location on Avenue Road, just a stone's throw away from some of Toronto's most vibrant neighbourhoods, this property is perfect for anyone looking to invest in the bustling Toronto real estate market.

This house for sale in Toronto boasts a generous layout, comprising three spacious bedrooms and three bathrooms, making it ideal for families or those who appreciate a bit of extra space. The total of nine rooms provides ample room for living, working, and entertaining. Although there’s no den or family room, the expansive design of the house allows for flexibility in how you choose to utilise the space. The kitchen is well-equipped, though it’s worth noting that there’s only one kitchen and no additional kitchen facilities.

The exterior of the property is constructed from sturdy brick, which not only adds to its aesthetic appeal but also ensures durability. The house for sale in Toronto features a partially finished basement with a separate entrance, providing additional potential for rental income or extra living space. While there is no garage or central vacuum system, the private lane driveway accommodates up to four parking spaces, which is a rare find in this area.

Heating is provided by a forced air system, and the house is connected to municipal water and sewer services. Although there’s no air conditioning system installed, the property does have internet access, ensuring you can stay connected. Unfortunately, there’s no pool or fireplace, but the charm of the Casa Loma community more than makes up for these features.

The initial description of this house for sale in Toronto highlights its potential for conversion. The second and third floors house a large three-bedroom apartment that could easily be split into two separate units, maximising rental income opportunities. The first floor and basement were previously used for commercial purposes, and the seller has plans and drawings available to convert these spaces into two additional two-bedroom units. This means you could potentially create a total of five rental units, which is a fantastic opportunity for investors looking to capitalise on the high rental demand in the area.

Situated at 284 Avenue Road, Toronto, this property is just a short walk from the trendy Yorkville, Summerhill, and Dupont strip, as well as the lively Annex and the historic Casa Loma. The Royal Ontario Museum (ROM) is also nearby, making it a prime location for both residents and visitors alike. With convenient access to public transport, including a mere ten-minute stroll to the Summer or Dupont TTC stations, commuting around the city is a breeze.

This house for sale in Toronto is not just a property; it’s a great work/live opportunity with tons of potential. Whether you’re looking to create a stunning family home or an investment property that could yield high returns, this semi-detached house at 284 Avenue Road, Toronto, ticks all the boxes. If you’re interested in exploring the possibilities further, floor plans for potential renovations and a walk-through video are available upon request. Don’t miss out on this incredible opportunity to own a piece of prime Toronto real estate!

Casa Loma is a charming neighbourhood nestled in the heart of Toronto, renowned for its stunning architecture and lush green spaces. Dominated by the iconic Casa Loma castle, this area offers a unique blend of historic charm and modern living. Residents enjoy picturesque streets lined with elegant homes, vibrant gardens, and proximity to both urban amenities and serene parks. With excellent schools, boutique shops, and a variety of dining options nearby, Casa Loma provides a tranquil yet connected lifestyle, making it an appealing choice for those seeking a distinctive and welcoming environment in the city.

Schools in the Neighbourhood

This property is ideally located near several reputable schools, making it an excellent choice for families. The closest option is Cottingham Junior Public School, just 0.3 km away, offering grades JK to 6 with an impressive school rating of 9.2. For older children, Jesse Ketchum Junior and Senior Public School, located 0.8 km away, serves grades JK to 8 and has a rating of 5.9. Jarvis Collegiate Institute, 2.2 km from the property, provides education for grades 9 to 12 but has a lower rating of 3.8. Additionally, Holy Rosary Catholic School, situated 1.4 km away, offers a strong Catholic education for grades JK to 8 with a rating of 8.9. St. Joseph's College School, also within a reasonable distance at 1.8 km, caters to high school students and has a rating of 7.2. Other nearby schools include Lord Lansdowne Junior Public School, St. Mary Catholic School, and Marshall McLuhan Catholic Secondary School, which provide various educational options. Overall, the area boasts a diverse range of schools, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 877 residents, with an average household size of 2.4 individuals. The demographic profile reveals an average age of 40.3 years, indicating a mature community. The average household income is notably high at $294,000, with only 5.2% of the population classified as low-income, suggesting a generally affluent neighborhood. The real estate market reflects this affluence, with an average property price of $2,540,000. A significant portion of the population is single, accounting for 41.72%, while nearly half (47.92%) of households include children, indicating a family-friendly environment. The community is diverse, with 21.97% of residents being immigrants. Renters make up 43.42% of the population, and condos represent a small fraction at 3.95%. Education levels are high, with 81.08% of residents holding a college or university degree. However, 31.08% of the population is not in the labor force, which may reflect a variety of factors, including retirement or other personal circumstances. Overall, this area presents a blend of affluence, diversity, and family-oriented living, making it an attractive location for potential homeowners and investors alike.