3263 Lake Shore Boulevard W

Nestled in the heart of Long Branch, this remarkable Multi-Family Home for sale in Etobicoke at 3263 Lake Shore Boulevard W, Etobicoke, is an exceptional investment opportunity. This well-maintained multiplex building boasts an impressive 16 bedrooms and 11 bathrooms, making it ideal for those looking to capitalise on the thriving rental market. Just a stone's throw away from Humber College, this property is perfectly positioned to attract a steady stream of tenants, primarily students, ensuring a reliable income year after year.

The building, styled as a two-storey structure, features a robust brick veneer exterior that not only adds to its aesthetic appeal but also promises durability. With a total of 27 rooms, including ten well-appointed kitchens, this Multi-Family Home for sale in Etobicoke offers ample space for residents to enjoy their own private living areas while still being part of a vibrant community. The layout is thoughtfully designed, allowing for versatility in management; whether you prefer traditional rentals or the more dynamic Airbnb model, this property can adapt to your investment strategy.

Significant renovations carried out in 2017 and 2019 have left this building in excellent condition, with modern standards met throughout. The upgrades have not only enhanced the property’s appeal but have also ensured that all units are equipped with the necessary amenities to attract and retain tenants. The current tenant base primarily consists of Humber College students, providing a revolving tenancy that guarantees a consistent influx of occupants.

Safety and security are paramount in this Multi-Family Home for sale in Etobicoke. The property is fitted with advanced security features, including keyless/key scan access for secure entry, an API fire monitoring system, and 24/7 security cameras installed throughout the premises. LED lighting has been incorporated to improve visibility and energy efficiency, further enhancing the living experience for tenants.

The building is equipped with a tankless boiler system, ensuring efficient heating and optimal energy usage for all residents. With separate meters for utilities (seven existing and four approved), tenants can enjoy the convenience of managing their own energy consumption. Additionally, the property is serviced by municipal water and sewer, further simplifying management for potential owners.

While this Multi-Family Home for sale in Etobicoke does not feature a garage or a swimming pool, it does offer parking space for two vehicles, accommodating the needs of residents. The absence of a family room or den means that the focus remains on the spacious bedrooms and kitchens, which are the heart of this property. The building is unfurnished, allowing new owners the flexibility to furnish and decorate according to their vision.

The lot measures a generous 40 by 115 feet, providing ample outdoor space for tenants to enjoy. The driveway is classified as ‘other’, which offers additional options for parking and access. The property’s prime location at 3263 Lake Shore Boulevard W, Etobicoke, places it within easy reach of local amenities, public transport, and, of course, the nearby Humber College.

In summary, this Multi-Family Home for sale in Etobicoke at 3263 Lake Shore Boulevard W, Etobicoke, presents a unique opportunity for savvy investors. With its strategic location, modern upgrades, and solid tenant base, this property is not just a building; it’s a thriving investment waiting to be seized. Whether you’re looking to enter the rental market or expand your portfolio, this property is sure to deliver strong returns and stable demand. Don’t miss out on the chance to own this exceptional multiplex in the heart of Long Branch!

Long Branch, nestled within the city of Etobicoke, offers a charming blend of suburban tranquillity and urban convenience. Bordered by the picturesque shores of Lake Ontario, this lakeside enclave is characterised by its leafy streets, diverse housing options, and a welcoming atmosphere. Residents enjoy easy access to parks, waterfront trails, and local amenities, including shops and eateries that cater to a variety of tastes. The area is well-connected by public transport, making it a convenient choice for commuters heading into downtown Toronto. With its strong sense of community and natural beauty, Long Branch is an appealing choice for those seeking a serene yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Twentieth Street Junior School, just 0.3 km away, offering elementary education for grades JK to 5 under the Toronto District School Board. For a broader range of grades, the James S Bell Junior Middle Sports and Wellness Academy, 0.6 km from the property, serves students from JK to 8 and boasts a respectable school rating of 5.6. Lakeshore Collegiate Institute, also 0.6 km away, provides secondary education for grades 9 to 12, though it currently has a school rating of 0. For families seeking French-language education, Second Street Junior Middle School is located 2.0 km away, offering grades JK to 8 with a rating of 6.8. Additionally, The Holy Trinity Catholic School, 0.4 km away, and Father John Redmond Catholic Secondary School, 0.5 km away, provide Catholic education with ratings of 7.4 and 8, respectively. Lastly, St. Louis Catholic School, 3.7 km away, offers French-language education for younger students. Overall, this area is rich in educational options, catering to diverse needs and preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 415 residents as of 2021. The average household consists of 2.2 individuals, with a notable average age of 39.2 years. The economic landscape is characterized by a robust average household income of $96,000, although 13.2% of the population falls under the low-income category. Housing prices are relatively high, with an average property value of $1,160,000. The community has a diverse social structure, with 53.73% of residents being single and 40% of households having children. A significant portion of the population, 29.27%, are immigrants, contributing to the area's cultural diversity. The rental market is prominent, with 65.79% of residents renting their homes, and there are no condominiums available in the area. Educational attainment is high, with 57.58% of residents holding a college or university degree. However, a considerable 27.27% of the population is not actively participating in the labor force, indicating potential economic challenges. Overall, this community presents a mix of opportunities and challenges for prospective homeowners and investors alike.