34 River Street

Nestled in the vibrant community of Regent Park, 34 River Street, Toronto, presents an exceptional investment and income-generating opportunity that is simply too good to miss. This Multi-Family Home for sale in Toronto is ideally located, just a five-minute stroll from both Queen Street East and King Street East, providing outstanding access to public transport, downtown Toronto, and a delightful mix of restaurants, shops, and amenities.

This property, a charming multiplex building styled in a 2 1/2 storey design, has been meticulously maintained over the years by the live-in owner, showcasing a true pride of ownership throughout. With a robust brick exterior, 34 River Street, Toronto, offers a total of 11 rooms, including four spacious bedrooms and two additional dens, making it an attractive option for families or tenants alike. The home features two well-appointed kitchens, allowing for flexibility in living arrangements and catering to the needs of various occupants.

The layout of this Multi-Family Home for sale in Toronto is particularly noteworthy. The main floor unit boasts generous principal rooms, characterised by high ceilings and large windows that flood the space with natural light. This inviting atmosphere is mirrored in the second and third-floor unit, which is currently tenanted, providing immediate rental income. With an estimated gross annual income ranging between £100,000 and £110,000, this property is a compelling addition to any investment portfolio.

While the property does not feature a family room or a fireplace, it does include five bathrooms, ensuring that residents have ample facilities at their disposal. The absence of a pool may be a consideration for some, but the large ground-level deck for the main unit and the spacious rooftop deck exclusively for the upper unit provide exceptional outdoor living spaces, perfect for entertaining or simply enjoying the fresh air.

At 34 River Street, Toronto, you'll find that the lower level includes a fully finished two-bedroom apartment with a separate entrance, further enhancing the income potential and flexibility of this Multi-Family Home for sale in Toronto. This setup is ideal for those looking to accommodate extended family or generate additional rental income.

The property is equipped with central air conditioning, ensuring comfort throughout the warmer months, and is serviced by municipal water and sewer systems. While there is no central vacuum system, the private triple driveway offers parking space for up to three vehicles, a rare and valuable asset in this central location.

As you explore the features of this property, you’ll appreciate the thoughtful updates and modern renovations that blend seamlessly with the timeless character of this Victorian residence, originally built in 1870. The open-concept living spaces, impressive ceiling heights, and expansive windows create bright and inviting interiors that appeal to both tenants and end users alike.

In summary, 34 River Street, Toronto, is not just a house; it’s a well-maintained, income-producing property situated in one of Toronto's most desirable and historically rich neighbourhoods. This Multi-Family Home for sale in Toronto is a rare opportunity for those looking to invest in a property that offers both character and substantial income potential. Don’t miss your chance to own a piece of this vibrant community; the possibilities are endless!

Regent Park, located in the heart of Toronto, is a vibrant and evolving neighbourhood known for its rich cultural diversity and urban revitalisation. Originally established as a public housing project, it has undergone significant transformation in recent years, blending modern residential developments with green spaces and community amenities. The area boasts a mix of shops, restaurants, and cultural venues, reflecting the eclectic backgrounds of its residents. With excellent public transport links and proximity to downtown Toronto, Regent Park offers a dynamic urban lifestyle while fostering a strong sense of community spirit. As a prospective resident, you will find a welcoming atmosphere that celebrates inclusivity and creativity, making it an exciting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within just 0.3 km, you will find Nelson Mandela Park Public School, which serves grades JK to 8 and has a school rating of 3.9. St. Paul Catholic School, also close by at 0.5 km, offers a strong Catholic education for the same grade levels and boasts a higher rating of 8.7. For older students, Jarvis Collegiate Institute, located 1.9 km away, provides a solid public education for grades 9 to 12 with a rating of 5.9. Duke of Connaught Junior and Senior Public School, 3.0 km from the property, offers a French language curriculum for grades JK to 8 and has a commendable rating of 5.8. Additionally, St. Joseph's College School, a Catholic institution for grades 9 to 12, is situated 2.6 km away with a rating of 7.6. Other nearby options include Holy Name Catholic School and St. Mary Catholic School, which cater to younger students. Overall, this area offers a diverse selection of educational institutions, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 186 residents, with an average household size of 1.8 individuals. The community has a median age of 44 years, indicating a mature population. Interestingly, the average household income is reported as $0, which may suggest a high proportion of renters, who make up 72% of the households. The area has a significant percentage of single individuals at 50%, while 18.18% of households include children. Additionally, 32.56% of the residents are immigrants, contributing to the area's cultural diversity. The local real estate market reflects a high average property price of $1,200,000, which may indicate a desirable location despite the absence of condominiums. Education levels are notably high, with 62.5% of the population holding college or university degrees. Furthermore, 22.5% of the residents are not in the labor force, which could influence the economic dynamics of the area. Overall, this community presents a blend of demographic characteristics that may appeal to potential buyers and investors looking for a vibrant, educated, and diverse neighborhood.