329 Vaughan Road

Nestled in the highly sought-after neighbourhood of Humewood-Cedarvale, 329 Vaughan Road, Toronto, presents a rare opportunity to acquire a purpose-built triplex, making it a remarkable Multi-Family Home for sale in Toronto . This charming property boasts a brick exterior and a well-thought-out 2-storey design, perfect for those seeking both comfort and investment potential. With a total of 10 rooms, including four bedrooms and a den, this home is ideal for families or investors looking to capitalise on the thriving rental market in this desirable area.

The property features two spacious 2-bedroom units and one inviting 1-bedroom unit, each designed to maximise natural light and create a warm, welcoming atmosphere. The well-designed layouts ensure that every corner of the home is utilised effectively, providing ample space for relaxation and everyday living. The main floor and upper units both come with private balconies, offering delightful outdoor spaces to unwind and enjoy the fresh air. Additionally, the main floor unit has exclusive access to the backyard, perfect for families or those who appreciate a bit of greenery.

As you explore this Multi-Family Home for sale in Toronto, you will find that it is equipped with two kitchens, allowing for flexibility in meal preparation and entertaining. The property features three bathrooms, ensuring convenience for all residents. Although there is no family room, the generous layout of the units compensates for this, providing ample space for gatherings and family activities.

The home is unfurnished, allowing new owners to personalise the space to their liking. With wall unit air conditioning, residents can stay comfortable during the warmer months. The heating system is water-based, providing a cosy atmosphere throughout the property. The home is connected to municipal water and sewer services, ensuring reliable utilities for all occupants.

For those concerned about parking, 329 Vaughan Road, Toronto, includes a detached garage space, along with a mutual driveway that currently offers exclusive access to the owner, as they also own the neighbouring property at 327 Vaughan Road. This arrangement provides ample parking options, although it is worth noting that there are no additional parking spaces available.

The basement of the property is designed as an apartment, adding further versatility to this already impressive Multi-Family Home for sale in Toronto. This feature is particularly attractive for investors, as it can serve as an additional rental unit, enhancing the property's income-generating potential.

Located in a top-rated school district, including the esteemed Humewood Community School and Forest Hill Collegiate, this property is perfect for families seeking quality education for their children. The neighbourhood is known for its family-friendly atmosphere and strong rental demand, making it an excellent investment opportunity.

Cedarvale Park is just a stone's throw away, offering beautiful green spaces for outdoor activities, while the vibrant St. Clair West area boasts a variety of shops, restaurants, and public transport options, including the TTC and LRT. This convenient location makes 329 Vaughan Road, Toronto, an ideal choice for both investors and end-users alike.

In conclusion, this Multi-Family Home for sale in Toronto is a unique opportunity to build generational wealth in a high-appreciation neighbourhood. With its solid structure, well-designed units, and prime location, this property is not to be missed. Don't hesitate to seize this rare opportunity to invest in a property with endless potential. For further details, please refer to the attachment for operating expenses and rent rolls.

Humewood-Cedarvale is a charming and picturesque neighbourhood nestled in the heart of Toronto, characterised by its lush green spaces and vibrant tree-lined streets. This area boasts a delightful mix of residential homes, ranging from quaint bungalows to elegant period houses, creating a warm and inviting atmosphere. The community is well-connected to the city’s amenities, with easy access to public transport, local shops, and cafes, while the nearby Cedarvale Park offers ample opportunities for outdoor activities and leisurely strolls. With its friendly vibe and strong sense of community spirit, Humewood-Cedarvale is an ideal place for those seeking a tranquil yet conveniently located urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Humewood Community School, just 0.3 km away, offering both English and French instruction for grades JK to 8, with a commendable school rating of 6.8. Another nearby option is St. Alphonsus Catholic School, located 0.7 km away, providing a Catholic education in English and French for grades JK to 8, with a rating of 4.9. For secondary education, Forest Hill Collegiate Institute is 1.7 km from the property, although it currently has no rating. Additionally, Loretto College School, also 1.8 km away, offers Catholic education for grades 9 to 12 and has a rating of 6. The area also features Marshall McLuhan Catholic Secondary School, which is 2.6 km away and has a rating of 6.6. Overall, the proximity to a variety of public and Catholic schools, along with their diverse language offerings and ratings, enhances the appeal of this property for potential buyers seeking quality education options for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 512 residents. The average household size is 2.3, and the average age of residents is 43.7 years. The average household income stands at an impressive $118,000, with only 8% of the population classified as low-income. The housing market reflects this affluence, with an average property price of $1,260,000. A significant portion of the community, 44.32%, is single, while 36.67% of households include children, indicating a mix of family structures. The area is also diverse, with 34.95% of residents being immigrants. Renters make up 45.45% of the population, although there are no condominiums available in the area. Education levels are notably high, with 66.67% of residents holding a college or university degree. However, a considerable 32.14% of the population is not in the labor force, suggesting a potential demographic of retirees or individuals pursuing education. Overall, this community presents a blend of affluence, diversity, and educational attainment, making it an attractive location for prospective buyers.