40 August Avenue

Nestled in the charming neighbourhood of Oakridge, this remarkable Multi-Family Home for sale in Scarborough at 40 August Avenue, Scarborough, presents an exceptional opportunity for builders and developers alike. With its prime location just a stone's throw from the bustling Danforth and a short jaunt to the picturesque Beaches, this property is a hidden gem waiting to be transformed. The house is being sold as-is, where-is, making it perfect for those eager to put their personal stamp on a partially completed residential build.

This two-storey multiplex boasts a generous layout with a total of nine rooms, including four spacious bedrooms and a den, ideal for a home office or study. The heart of the home features a well-appointed kitchen, ready for your culinary creations. With five bathrooms, there's no need to worry about morning queues, ensuring convenience for all residents. The family room adds an inviting space for relaxation and gatherings, making it perfect for family life.

The exterior of this Multi-Family Home for sale in Scarborough is distinctive, with a unique finish that sets it apart from the rest. Although there is no pool, the property does feature a built-in garage that can accommodate one vehicle, along with private driveway parking for an additional two cars. The lot measures a comfortable 25 x 107 feet, providing ample space for outdoor activities or potential landscaping projects.

Situated on a quiet, dead-end street lined with custom homes, 40 August Avenue, Scarborough, is surrounded by mature trees and a family-friendly atmosphere. The area boasts excellent access to downtown Toronto, making commuting a breeze. Local amenities are plentiful, with top-rated schools, parks, and charming shops just a short walk away. This makes it an ideal location for families looking to settle down in a vibrant community.

The property is equipped with central air conditioning, ensuring comfort during the warmer months, and it features a cosy fireplace that adds a touch of warmth and charm during the cooler seasons. While the house is currently unfurnished, it provides a blank canvas for the new owner to create their dream home. The heating system is forced air, and the property is connected to municipal water and sewer services, adding to the convenience of living in this lovely neighbourhood.

One of the key highlights of this Multi-Family Home for sale in Scarborough is the completed framing and foundation work, which offers a significant head start on construction. The plans for this modern 4-bedroom, 4-bathroom home are designed to cater to today's lifestyle, making it an attractive prospect for potential buyers. Additionally, the property is being sold together with the adjacent 42 August Avenue, Scarborough, which is an identical home and mirror image, providing an even greater opportunity for those looking to invest in this desirable area.

With its close proximity to the vibrant Danforth area, known for its eclectic mix of shops, restaurants, and entertainment options, this location is sure to appeal to a wide range of buyers. The Beaches, with its stunning waterfront and recreational activities, is also just minutes away, offering the perfect balance of urban living and natural beauty.

In summary, this Multi-Family Home for sale in Scarborough at 40 August Avenue, Scarborough, is a fantastic opportunity for builders and developers to complete a project in one of Toronto's most sought-after neighbourhoods. Don't miss out on the chance to make this unfinished project your own and take advantage of everything this community has to offer. Whether you're looking to create a family home or an investment property, this is an opportunity not to be overlooked!

Oakridge, nestled within the vibrant city of Scarborough, offers a charming suburban environment characterised by its tree-lined streets and well-maintained parks. This residential area boasts a mix of modern amenities and a close-knit atmosphere, making it an ideal place for families and individuals alike. With convenient access to local shops, schools, and public transport, residents enjoy a balanced lifestyle that combines the tranquillity of suburban living with the bustling energy of city life. The community is also known for its diverse population, fostering a rich cultural tapestry that enhances the overall appeal of Oakridge as a welcoming and engaging neighbourhood.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. Within a short distance of just 0.4 km, you will find Oakridge Junior Public School and Samuel Hearne Middle School, both offering English-language education for grades JK to 8. For those seeking Catholic education, St. Dunstan Catholic School is also just 0.3 km away, providing a solid foundation for students from JK to 8, with a commendable school rating of 6.8. Birchmount Park Collegiate Institute, located 1.8 km from the property, serves grades 9 to 12 and boasts a school rating of 5.6, ensuring quality secondary education. Additionally, Neil McNeil High School, 1.4 km away, has an impressive rating of 8.1, offering a Catholic education for older students. For French-language options, Cliffside Public School and St. Brigid Catholic School are within 2.8 km and 2.9 km, respectively. This diverse selection of schools caters to various educational needs, making this property an attractive option for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 455 residents, with an average household size of 2.4. The demographic profile reveals an average age of 40.7 years and a robust average household income of $87,000, although 16% of the population is classified as low-income. The housing market reflects an average property price of $690,000, with 57.83% of the residents being single and 34.78% living in households with children. The community is diverse, with 43.75% of residents being immigrants, contributing to a rich cultural fabric. Approximately 30.56% of the population are renters, while only 5.56% live in condominiums. Education levels are notably high, with 73.68% of residents holding a college or university degree. However, a significant portion of the population, 27.63%, is not in the labor force, indicating potential challenges in employment opportunities. Overall, this demographic snapshot highlights a well-educated, diverse community with a mix of family structures and varying economic circumstances, making it an interesting area for potential homeowners or investors.