3112 - 3 Gloucester Street

Introducing an exceptional opportunity to own a remarkable condo for sale in Toronto , located at 3 Gloucester Street, Toronto. This investment property is currently tenanted, generating an impressive rental income of $2,700 per month. The property boasts a luxurious 1-bedroom plus den layout, complemented by a well-appointed bathroom, all within a stylish 500 sq. ft of interior space. Additionally, the unit features a delightful 108 sq. ft balcony, situated on the 31st floor, offering breathtaking views of the city skyline.

The building, designed with modern living in mind, showcases an exterior of aluminium siding, contributing to its sleek and contemporary aesthetic. This condo for sale in Toronto is part of the Church-Yonge Corridor community, an area renowned for its vibrant urban lifestyle and convenient access to a plethora of amenities. Residents will appreciate the proximity to Wellesley Subway Station, providing seamless connectivity throughout the city. Furthermore, the condo is just a stone's throw away from the upscale neighbourhood of Yorkville, the esteemed University of Toronto, and the bustling downtown core, making it an ideal location for both professionals and students alike.

Inside the unit, one will find high-end finishes that elevate the living experience. The kitchen is equipped with built-in appliances, ensuring a seamless cooking experience, while the spacious bedroom features ample closet space, providing both comfort and functionality. The den serves as a versatile space, perfect for a home office or as an additional guest area, catering to the needs of modern living. This condo for sale in Toronto is unfurnished, allowing new owners the freedom to personalise the space according to their tastes.

In terms of climate control, the property is fitted with central air conditioning, ensuring a comfortable environment throughout the year. However, it is important to note that this condo does not feature a pool or a fireplace, nor does it come with a central vacuum system. Additionally, there is no basement or additional land associated with the property, and parking is not included, with zero garage spaces available. Despite these limitations, the location and amenities more than compensate, making this condo a prime investment opportunity.

The total number of rooms in this unit is five, which includes the bedroom, den, kitchen, bathroom, and a living area that is perfect for relaxation or entertaining guests. The heat is provided through a forced air system, ensuring warmth during the colder months. While there are no additional features listed, the appeal of this condo for sale in Toronto lies in its prime location and the lifestyle it offers.

In summary, 3 Gloucester Street, Toronto, presents an outstanding opportunity for those seeking a condo for sale in Toronto that embodies urban sophistication and convenience. With its strategic location in the Church-Yonge Corridor, high-end finishes, and impressive rental income potential, this property is not to be missed. Whether you are an astute investor or a first-time buyer, this condo is poised to meet your needs and exceed your expectations. Seize the chance to own a piece of Toronto's dynamic real estate market today!

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic neighbourhood characterised by its striking skyline and bustling urban atmosphere. This area boasts a rich tapestry of cultural diversity, with an array of shops, restaurants, and cafes that cater to a variety of tastes and preferences. The corridor is well-served by public transport, making it easy to navigate the city and beyond. Residents enjoy proximity to green spaces, such as Allan Gardens, and a wealth of amenities, including theatres, art galleries, and fitness centres. With its blend of modern living and historical charm, the Church-Yonge Corridor offers an exciting urban lifestyle for those seeking to immerse themselves in the energy of Toronto.

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’ll find Church Street Junior Public School (0.5 km), an English-language public elementary school serving grades JK to 6, with a school rating of 6.4. Just 1.0 km away is Jesse Ketchum Junior and Senior Public School, offering grades JK to 8 and boasting a higher rating of 7.8. For older students, Jarvis Collegiate Institute (0.6 km) provides education for grades 9 to 12, though it has a lower rating of 5.9. Additionally, Lord Lansdowne Junior Public School (1.6 km) offers French-language instruction for grades JK to 8, although it currently has no rating. Catholic education options include Our Lady of Lourdes Catholic School (0.8 km) and St. Joseph's College School (0.4 km), with ratings of 5.5 and 7.6, respectively. Lastly, St. Mary Catholic School (2.8 km) offers French-language education for younger students. This diverse selection of schools caters to various educational preferences and needs, ensuring that families have ample choices for their children's education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 880 residents. The average household size is 1.6, indicating a predominance of single-person households, as 66.28% of the population is single. The average age of residents is 38.7 years, reflecting a relatively young demographic. The average household income stands at $70,400, although 24% of the population is classified as low-income. The real estate market is characterized by high property values, with an average price of $1,080,000, and a significant portion of the housing stock consists of condominiums, comprising 35.42% of the available units. Renters dominate the housing landscape, making up 87.5% of the population, while only 9.68% of households have children. The area is also notable for its educational attainment, with 71.63% of residents holding a college or university degree. Furthermore, immigrants represent 30.5% of the population, and a similar percentage is not actively participating in the labor force, suggesting a complex socio-economic environment that may influence both community dynamics and housing demand.