360 Roxton Road

Situated at 360 Roxton Road, Toronto, this exceptional semi-detached house for sale in Toronto presents a unique opportunity for both investors and those seeking a vibrant lifestyle in one of the city's most sought-after neighbourhoods, Palmerston-Little Italy. This property is not just a house; it is a legal triplex that has been meticulously renovated, boasting a remarkable potential to generate almost £8,000 in rental income, with positive cash flow after expenses. Such an opportunity is indeed rare in the bustling market of Toronto.

The building itself is a charming 2 1/2 storey structure, constructed from sturdy brick, which adds to its character and appeal. The house for sale in Toronto features three self-contained units, each thoughtfully designed to include modern kitchens and updated bathrooms, ensuring comfort and convenience for tenants. The property comprises a total of six rooms, including three bedrooms and a den, making it an ideal choice for families or professionals seeking spacious living arrangements. The additional two rooms can be utilised for various purposes, enhancing the versatility of this remarkable property.

One of the standout features of this house for sale in Toronto is the top-floor loft, which offers soaring ceilings and an abundance of natural light. This space is further enhanced by its own private balcony and office area, making it perfect for attracting premium tenants or for personal use. The loft's design not only maximises space but also provides a serene environment that is conducive to both relaxation and productivity.

The property is equipped with three kitchens, which is a significant advantage for a triplex, allowing for easy meal preparation and convenience for all tenants. However, it is worth noting that there is no additional kitchen beyond the three already present. The bathrooms, of which there are three, have been updated to meet modern standards, ensuring that all units are comfortable and appealing to potential renters.

In terms of amenities, the house for sale in Toronto is equipped with wall unit air conditioning, providing relief during the warmer months. The heating system is radiant, ensuring a warm and cosy atmosphere during the colder seasons. Although there is no central vacuum system or fireplace, the property does feature a finished basement apartment with a walk-out, adding further value and potential for rental income.

The location of 360 Roxton Road, Toronto, is another significant advantage. Nestled just steps away from College Street, residents are perfectly positioned to enjoy some of the best dining, culture, and transit access that the city has to offer. The Palmerston-Little Italy community is known for its vibrant atmosphere, walkability, and constant demand, making it a prime choice for both lifestyle seekers and long-term investors.

Additionally, the property includes a detached garage space, accommodating one vehicle, while the driveway operates on a right of way, allowing for easy access. It is important to note that there is no pool on the premises, and parking space is limited to the garage. The lot measures 21 x 78 feet, providing ample outdoor space for tenants to enjoy.

In summary, 360 Roxton Road, Toronto, is a remarkable house for sale in Toronto that combines an attractive investment opportunity with a desirable lifestyle. Whether you are looking to add a solid asset to your portfolio or occupy a unit while renting out the others, this property delivers on both financial returns and quality living. With its extensive renovations, modern amenities, and prime location in the heart of Little Italy, this house for sale in Toronto is not to be missed.

Palmerston-Little Italy is a vibrant and eclectic neighbourhood nestled in the heart of Toronto, renowned for its rich cultural tapestry and lively atmosphere. This area boasts a delightful mix of charming Victorian homes, trendy cafes, and a variety of restaurants that reflect its Italian heritage, making it a culinary haven for food enthusiasts. The streets are often alive with the sounds of laughter and conversation, particularly along College Street, where you’ll find bustling patios and unique boutiques. With its close proximity to parks, public transport, and a diverse community, Palmerston-Little Italy offers a dynamic urban lifestyle while maintaining a warm, welcoming feel that is perfect for anyone looking to immerse themselves in the charm of city living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Dewson Street Junior Public School, just 0.2 km away, offering elementary education from Junior Kindergarten to Grade 6, with a solid school rating of 7.6. Horizon Alternative Senior School, located only 0.1 km from the property, serves grades 7 to 8, although it currently has no rating. For secondary education, Harbord Collegiate Institute is a mere 0.8 km away, providing education for grades 9 to 12 and holding a respectable rating of 7.3. Additionally, Pope Francis Catholic School, 0.7 km from the property, offers a Catholic elementary education from JK to Grade 8 with a rating of 6.6. Other nearby options include Bishop Marrocco/Thomas Merton Catholic Secondary School and St. Mary Catholic School, both offering further educational opportunities, though they are slightly farther away. With a mix of public and Catholic schools available in close proximity, this location is well-suited for families seeking quality education for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 642 residents, with an average household size of 2.5 individuals. The community's average age is 38.8 years, reflecting a relatively mature demographic. Households in this area enjoy a high average income of $170,000, with only 6.2% classified as low-income. The average property price is $1,560,000, indicating a robust real estate market. Approximately 45.45% of the population is single, while 36.11% of households include children, showcasing a mix of family and single-person households. The area is home to a diverse population, with 16.91% of residents being immigrants. A significant portion of the population, 56.14%, are renters, and there are no condos available in the area. Education levels are notably high, with 68.64% of residents holding a college or university degree. However, 23.73% of the population is not in the labor force, which may reflect various factors, including retirement or other personal circumstances. Overall, this demographic profile suggests a well-educated, affluent community with a blend of families and singles, making it an attractive area for potential homebuyers and investors.