377 Assiniboine Road

Introducing an exceptional opportunity for investors, this semi-detached house for sale in York is located at 377 Assinboine Road, York, in the highly sought-after York University Heights community. This prime location is directly across from York University, one of Canada’s largest educational institutions, ensuring a consistent demand for student housing. The property features a total of 12 rooms, comprising 7 spacious bedrooms and 6 bathrooms, making it an ideal investment for those looking to capitalise on the strong rental market in this area.

The layout of this house for sale in York has been purpose-built to cater to the needs of students, optimising both space and functionality. With a main kitchen and an additional kitchen, it provides ample cooking facilities for tenants. The house also includes 3 dens, offering additional living space that can be utilised for study or relaxation. Each of the 7 bedrooms is designed to be separately leased, significantly reducing vacancy risk and enhancing rental stability. This thoughtful design is particularly advantageous in a location with such high demand for student accommodation.

At 377 Assinboine Road, York, the property boasts a detached garage with space for 2 vehicles, along with a private driveway. However, it is important to note that there is no pool or family room, and the house is being sold unfurnished. The absence of a central vacuum system and a fireplace may also be noted, but these features do not detract from the overall appeal of this investment. The house is equipped with central air conditioning and is heated via a forced air system, ensuring a comfortable living environment for tenants throughout the year.

The house for sale in York is situated on a generous lot measuring 20 by 105 feet, providing ample outdoor space, albeit without any additional land. The property benefits from municipal water and sewer services, ensuring convenience for tenants. The separate entrance to the basement adds an extra layer of privacy and accessibility, making it a versatile space that could be utilised in various ways.

Currently, the property is fully leased, generating a strong gross monthly rent of £9,200, which translates to an impressive gross annual income of £110,400. Offered at £1,325,000, this house for sale in York presents an attractive return on investment of approximately 8.33%. This makes it a compelling option for investors seeking immediate income with the potential for long-term appreciation in a rapidly growing area.

The surrounding neighbourhood is exceptionally well-serviced, with excellent transit connectivity, including nearby TTC routes and subway access. This ensures seamless commuting across Toronto, making it a convenient location for students. Tenants will also enjoy close proximity to shopping centres, grocery stores, restaurants, cafes, banks, and everyday amenities, further enhancing the appeal of this property.

In summary, this house for sale in York represents a rare opportunity to acquire a well-performing student rental property in one of North York's most desirable university locations. With excellent income potential today and strong upside potential for tomorrow, this investment is ideal for those looking to expand their portfolio with a turn-key, cash-flow-positive asset in a high-growth rental corridor. As always, income, measurements, and zoning details should be verified by buyers and their agents.

In conclusion, if you are in the market for a house for sale in York, 377 Assinboine Road, York, is a property that should not be overlooked. Its strategic location, robust rental income, and well-designed layout make it a standout choice for investors aiming to secure a solid investment in Toronto's competitive real estate market.

York University Heights is a vibrant and diverse neighbourhood situated in the city of York, known for its close proximity to the prestigious York University. This area boasts a blend of residential spaces, green parks, and convenient amenities, making it an ideal location for students, families, and professionals alike. The community is characterised by its lively atmosphere, with a variety of shops, cafes, and recreational facilities that cater to a dynamic lifestyle. With excellent transport links to the city centre and surrounding areas, residents can easily enjoy the rich history and cultural offerings of York while benefiting from the tranquillity of suburban living. Whether you’re seeking a bustling environment or a peaceful retreat, York University Heights offers a unique balance that appeals to many.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, catering to families with children of all ages. Within a 1.1 km radius, you will find Driftwood Public School and Brookview Middle School, both part of the Toronto District School Board, offering English-language instruction for grades JK to 8. For secondary education, C W Jefferys Collegiate Institute, also within 1.1 km, boasts a commendable school rating of 4.4, providing grades 9 to 12. Additionally, there are several Catholic schools nearby, including St. Wilfrid Catholic School and James Cardinal McGuigan Catholic High School, both approximately 0.9 km away, with strong ratings of 6.5 and 6.4 respectively. St. Jerome Catholic School, located 2.4 km away, offers French-language instruction for younger students. For those seeking French-language education, Louis-Honore Frechette Public School and Hodan Nalayeh Secondary School are available within a 4.4 km radius, with the latter having a notable rating of 8.4. This diverse selection of schools provides excellent educational opportunities for children in the area, making it an ideal location for families.