342 Hopewell Avenue

Discover a remarkable investment or multi-family opportunity with this enticing property at 342 Hopewell Avenue, North York. Nestled in the vibrant Briar Hill-Belgravia community, this well-maintained multiplex is a two-storey building that presents an ideal setting for both investors and families seeking a multi-family home for sale in North York. With a total of four bedrooms, one den, and three bathrooms, this residence is designed to accommodate various living arrangements, making it a versatile choice for those looking to establish a home or rental income.

The property features three kitchens, allowing for independent living arrangements within the home. Each unit is separately metered, providing maximum convenience and flexibility for potential tenants or family members. The thoughtful layout of the building includes two spacious two-bedroom units and one one-bedroom unit, making it suitable for a range of occupants. The top floor has been thoughtfully renovated, offering a modern open-concept design that caters to contemporary lifestyles. This attention to detail enhances the appeal of this multi-family home for sale in North York, ensuring that it meets the needs of today’s residents.

Situated on a generous lot measuring 25 by 148 feet, the property boasts ample outdoor space, although it does not include a pool. The absence of a garage is compensated by a right-of-way driveway that provides parking space for up to three vehicles, ensuring that residents and guests have convenient access. While the home does not feature air conditioning or a central vacuum system, it does offer the benefit of municipal water and sewer services, contributing to the overall convenience of living in this well-connected area.

The interior of the property comprises a total of 12 rooms, including four additional rooms that can be utilised for various purposes, such as storage or office space. Although the home is currently unfurnished, this allows new owners to personalise the space to their liking. The absence of a fireplace and family room may be seen as limitations, but the versatility of the layout and the presence of coin laundry facilities provide opportunities for additional income, further enhancing the investment potential of this multi-family home for sale in North York.

One of the standout features of 342 Hopewell Avenue, North York, is its prime location. The property is in close proximity to an array of shops, restaurants, and parks, making it an attractive option for families and individuals alike. Additionally, the ease of access to transportation options, including the Allen Expressway and the TTC, as well as the forthcoming Eglinton Crosstown LRT, presents significant upside potential for future growth in the area. This connectivity not only enhances the convenience of daily commuting but also adds to the desirability of this multi-family home for sale in North York.

In conclusion, 342 Hopewell Avenue, North York, represents a unique opportunity for those seeking a multi-family home for sale in North York. With its well-maintained structure, spacious living arrangements, and prime location within the Briar Hill-Belgravia community, this property is a must-see for investors and families alike. The potential for rental income, combined with the modern renovations and convenient amenities, makes this home a valuable addition to any property portfolio. Don’t miss the chance to explore this exceptional offering and discover the possibilities that await at 342 Hopewell Avenue, North York.

Briar Hill-Belgravia, nestled within the vibrant city of North York, is a charming residential area characterised by its tree-lined streets and a blend of mid-century homes and modern developments. This neighbourhood offers a serene suburban atmosphere while being conveniently located near key amenities, including parks, schools, and shopping centres. With excellent public transport links, residents enjoy easy access to the bustling downtown Toronto, making it an ideal spot for those seeking a balance between tranquil living and urban convenience. The community is also known for its friendly atmosphere and diverse population, fostering a welcoming environment for newcomers.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within just 0.8 km, you'll find West Preparatory Junior Public School, rated 7.9, and J R Wilcox Community School, which serves grades JK to 8 and has a rating of 7.3. For those seeking Catholic education, St. Thomas Aquinas Catholic School is only 0.6 km away and boasts an impressive rating of 8.2. Additionally, the area offers access to secondary education at Forest Hill Collegiate Institute, located 1.7 km from the property, and Dante Alighieri Academy Catholic Secondary School, which is 1.6 km away. While Forest Hill Collegiate Institute currently has no rating, it is a well-established institution. For further options, Rawlinson Community School, offering French language instruction, is 1.9 km away, rated 5.1. Overall, the proximity to a variety of schools, both public and Catholic, along with their commendable ratings, highlights the educational opportunities available to families in this neighborhood, enhancing the property's appeal.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 729 residents, with an average household size of 2.4. The demographic profile reveals an average age of 40.8 years and a robust average household income of $94,000. Notably, 9.6% of the population falls within the low-income bracket. The average property price in the area is approximately $750,000, indicating a relatively high real estate market. The community is characterized by a significant percentage of single individuals, accounting for 49.21% of the population, while 39.02% of households include children. A diverse demographic is highlighted by the presence of immigrants, making up 62.34% of the population. Renters dominate the housing landscape, comprising 70.31% of residents, with condos representing 34.38% of the housing types available. Educational attainment is notable, with 55.47% of the population holding a college or university degree. However, 33.58% of residents are not in the labor force, suggesting potential challenges in employment engagement. Overall, this area presents a unique blend of demographics, reflecting both opportunities and challenges for prospective residents and investors alike.