4 Lanark Avenue

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Toronto , situated at 4 Lanark Avenue, Toronto. This impressive multiplex building, designed in a charming 2-storey style, boasts a robust brick exterior that not only enhances its aesthetic appeal but also ensures durability. With a total of 10 rooms, this property is a true gem in the heart of Oakwood Village, a community known for its family-friendly atmosphere and vibrant local culture.

This Multi-Family Home for sale in Toronto features six well-appointed bedrooms, providing ample space for families or multiple tenants. The property includes three kitchens, which are ideal for each of the spacious two-bedroom apartments within the building. This thoughtful design allows for a seamless living experience, whether you choose to occupy one unit and rent out the others or manage the entire property as an investment. The absence of an additional kitchen does not detract from the functionality of this home; rather, it highlights the efficient use of space throughout the property.

With three bathrooms available, residents will appreciate the convenience and privacy afforded by these well-maintained facilities. The absence of a family room may be noted, but the generous layout of the apartments compensates for this, offering comfortable living areas that can be tailored to individual needs. Furthermore, the property is unfurnished, allowing new owners the freedom to personalise their living spaces according to their tastes and preferences.

The heating system is baseboard, ensuring warmth during the colder months, while the presence of air conditioning, albeit of a different type, guarantees comfort throughout the year. Internet connectivity is available, making this Multi-Family Home for sale in Toronto an ideal choice for those who require reliable access for work or leisure. The property is connected to municipal water and sewer services, providing peace of mind for future residents.

Parking is another notable feature of this property. With a private driveway accommodating up to three vehicles, parking will never be a concern for tenants or owners alike. The lot measures 22 x 125 feet, offering a manageable outdoor space that can be utilised for various purposes, although it is important to note that there is no pool or garage space available. However, the lack of these features does not diminish the overall value of the property.

Located just steps away from the subway and the new Eglinton Crosstown LRT, this Multi-Family Home for sale in Toronto is perfectly positioned for easy access to public transport. Residents will also enjoy the vibrant array of shops, cafes, and restaurants along Eglinton Avenue, making everyday errands a breeze. For those who appreciate the outdoors, Cedarvale Park is a mere short walk away, providing trails, tennis courts, and green spaces for recreational activities, including a dog park for pet owners.

Whether you are an astute investor seeking a stable, income-generating property or a savvy buyer looking to combine homeownership with built-in financial advantages, 4 Lanark Avenue, Toronto, presents an exceptional opportunity. The versatility of this Multi-Family Home for sale in Toronto allows for various living arrangements and investment strategies, making it a rare find in a thriving neighbourhood.

In conclusion, 4 Lanark Avenue, Toronto, is not just a property; it is a gateway to a lifestyle enriched by community, convenience, and potential. Don’t miss your chance to secure this outstanding Multi-Family Home for sale in Toronto, where the possibilities are as vast as the opportunities it presents. Embrace the chance to invest in your future in one of Toronto’s most desirable areas.

Oakwood Village, nestled in the vibrant city of Toronto, is a charming neighbourhood that seamlessly blends urban convenience with a welcoming atmosphere. Known for its diverse cultural tapestry, Oakwood Village boasts an array of local shops, cafes, and restaurants that reflect the rich heritage of its residents. The area is well-served by public transport, making it easy to explore the wider city, while its tree-lined streets and community parks offer a serene escape from the hustle and bustle. With a strong sense of community spirit and a variety of housing options, Oakwood Village presents an inviting environment for those seeking a lively yet comfortable place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is J R Wilcox Community School, just 0.4 km away, offering grades JK to 8 and rated 7.3 by the Toronto District School Board. St. Thomas Aquinas Catholic School, a well-rated Catholic elementary school (8.2), is only 0.6 km from the property, providing an excellent option for younger students. For secondary education, Forest Hill Collegiate Institute, located 1.6 km away, serves grades 9 to 12, although it currently holds a rating of 0. Nearby, Dante Alighieri Academy, a Catholic secondary school, is 2.1 km away with a rating of 4.3. Additionally, Humewood Community School, offering French language instruction for grades JK to 8, is situated 1.5 km from the property with a rating of 6.8. Other nearby schools include St. John Bosco Catholic School and Marshall McLuhan Catholic Secondary School, which provide French language options. Overall, this area boasts a variety of public and Catholic schools, ensuring quality education choices for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 485 residents, with an average household size of 2. The demographic profile indicates a mature community, with an average age of 48.1 years. The average household income is notably high at $100,000, although 20.8% of the population is classified as low-income. The real estate market reflects this affluence, with an average property price of $1,160,000. A significant portion of the community, 55.17%, is single, and 34.78% of households include children, indicating a diverse family structure. The area is home to a substantial immigrant population, comprising 57.3% of residents, which contributes to its cultural richness. Renters dominate the housing landscape, making up 66.67% of the population, while condominiums represent a modest 3.92% of housing options. Educational attainment is high, with 60% of residents holding a college or university degree. However, nearly half of the population, 49.41%, is not in the labor force, suggesting potential challenges in employment engagement. Overall, this community presents a unique blend of affluence, diversity, and educational achievement, making it an intriguing area for prospective homeowners or investors.