2601 - 38 Grenville Street

Introducing a rare investment opportunity in the vibrant heart of downtown Toronto! Presenting Unit 2601 at 38 Grenville Street, Toronto, this bright and stylish condo for sale in Toronto boasts an impressive layout featuring two spacious bedrooms and two well-appointed bathrooms. With one parking space and one locker included, this property is ideal for those seeking both convenience and comfort in an urban setting.

As you step into this remarkable condo for sale in Toronto, you will immediately notice the soaring 9 ft ceilings and the floor-to-ceiling windows that grace both the bedrooms and the living area. These design elements not only enhance the aesthetic appeal of the space but also allow for an abundance of natural light to flood the unit, creating a warm and inviting atmosphere. The open layout comprises a total of five rooms, making it perfect for modern living.

Located at 38 Grenville Street, Toronto, this condo is nestled in the highly sought-after Bay Street Corridor community, a prime area that offers an unbeatable Yonge and College location. Residents will find themselves mere steps away from the College Subway Station, providing easy access to the entire city. The proximity to the University of Toronto, Toronto Metropolitan University, major hospitals, the Eaton Centre, and a plethora of restaurants and shopping options makes this property a dream for both students and professionals alike.

While this condo for sale in Toronto does not feature a pool, fireplace, or central vacuum system, it does come equipped with central air conditioning, ensuring comfort throughout the year. The kitchen is designed with functionality in mind, featuring two kitchens that cater to all your culinary needs. Although the unit is unfurnished, it presents a blank canvas for you to create your ideal living space.

The demand for rental properties in this area is consistently high, driven by a mix of students, professionals, and visitors to downtown Toronto. This makes the condo an excellent investment opportunity, with substantial income potential. Furthermore, short-term rental or Airbnb use may be possible, subject to the regulations set forth by the City of Toronto and the building’s guidelines.

At 38 Grenville Street, Toronto, you will also benefit from the convenience of one underground garage space, providing secure parking for your vehicle. The absence of additional land and a basement simplifies maintenance and ensures a straightforward living experience.

This condo for sale in Toronto is not just a property; it is a lifestyle choice. The Bay Street Corridor is known for its dynamic atmosphere, where urban living meets convenience. Whether you are an investor looking to capitalise on the booming rental market or an end-user seeking a stylish residence in a prime location, this condo is a fantastic choice.

In summary, Unit 2601 at 38 Grenville Street, Toronto, offers an exceptional opportunity to own a modern, well-located condo for sale in Toronto. With its impressive features, including two bedrooms, two bathrooms, and two kitchens, along with its prime location near key amenities and institutions, this property is poised for both immediate enjoyment and long-term value. Don’t miss out on this chance to secure a piece of Toronto’s thriving real estate market.

Bay Street Corridor, situated in the heart of Toronto, is a vibrant and dynamic neighbourhood known for its impressive skyline and bustling atmosphere. This area is characterised by its high-rise condominiums, corporate offices, and a diverse array of shops and restaurants, making it a hub for both professionals and residents alike. The proximity to cultural attractions such as the Art Gallery of Ontario and the Royal Ontario Museum, along with easy access to public transport, enhances its appeal. With a blend of urban sophistication and a lively street life, the Bay Street Corridor offers a unique living experience for those who thrive in a fast-paced city environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Church Street Junior Public School (0.6 km), which offers grades JK to 6 and has a school rating of 6.4. Just a bit further, at 0.7 km, is Orde Street Public School, catering to grades JK to 8 with a higher rating of 7.1. For older students, Jarvis Collegiate Institute (0.8 km) serves grades 9 to 12, though it has a lower rating of 5.9. Additionally, Lord Lansdowne Junior Public School, located 1.4 km away, offers French language instruction for grades JK to 8, but currently has no rating available. The area also features Our Lady of Lourdes Catholic School (1.0 km) and St. Joseph's College School (0.4 km), which provides a Catholic education for grades JK to 8 and 9 to 12 respectively, with ratings of 5.5 and 7.6. Lastly, St. Mary Catholic School, located 2.4 km away, offers French instruction for younger students. Overall, this neighborhood boasts a variety of educational options, catering to different preferences and needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,817 residents, with an average household size of 1.7. The demographic profile reveals a youthful community, with an average age of 34.7 years. The average household income stands at $81,800, although a significant portion, 30.4%, is classified as low-income. The real estate market reflects a high average property price of $732,000, with 80% of the housing stock comprised of condominiums. A notable 70.22% of residents are renters, indicating a strong rental market. The community is predominantly single, with 65.58% of individuals identifying as such, and households with children make up 23.53% of the population. The area is also characterized by a diverse demographic, with 36.36% of residents being immigrants. Educational attainment is high, with 80.39% of the population holding a college or university degree. However, there is a significant portion of the population, 32.21%, not participating in the labor force. This combination of factors paints a picture of a vibrant, educated, and diverse community with a strong rental market and a significant number of young professionals.