400 Summerhill Avenue

Nestled in the heart of the sought-after Rosedale-Moore Park community, this remarkable Multi-Family Home for sale in Toronto at 400 Summerhill Avenue, Toronto, presents a rare investment opportunity that is seldom available in such a desirable locale. This exceptional freehold commercial-residential property boasts an impressive blend of flexibility and potential, making it an ideal choice for both end users and savvy investors alike.

The building itself is a charming multiplex, elegantly styled over three storeys, and features a robust exterior of brick and stucco (plaster), which not only adds to its aesthetic appeal but also ensures durability. With a total of 14 rooms, including five well-appointed bedrooms and a den, this property is designed to accommodate a variety of living arrangements. The presence of two kitchens, along with an additional kitchen, enhances the functionality of this Multi-Family Home for sale in Toronto, making it perfect for families or individuals looking to maximise their living space.

Each of the three residential suites above and below the street-level commercial space offers varied layouts that are particularly appealing in terms of rental demand and stable tenancy. The property is separately metered, which adds an extra layer of efficiency and long-term flexibility for potential owners or investors. This feature is particularly beneficial for those considering this Multi-Family Home for sale in Toronto as a means of generating reliable income, while also having the option to reside in one of the units.

The commercial space on the ground floor is currently occupied by a bustling veterinary clinic, which benefits from excellent street exposure, ensuring a steady flow of clientele. This aspect of the property not only provides a source of income but also enhances the overall appeal of the building within the community. The potential for a buyer to live in one of the residential units while earning meaningful cash flow from the others is a significant advantage, particularly in such a vibrant area.

At 400 Summerhill Avenue, Toronto, the property is situated on a lot measuring 39 x 41 feet, which, while compact, maximises the use of space effectively. Although there is no pool or fireplace, the home does offer central air conditioning and wall units to ensure comfort throughout the seasons. The finished basement with a walk-out adds further versatility to the property, providing additional living space or storage options.

Parking is often a premium in urban settings, but this Multi-Family Home for sale in Toronto offers a rare bonus with space for four vehicles, despite the absence of a traditional driveway. The carport provides convenient access, making it easier for residents and guests alike.

Living at 400 Summerhill Avenue, Toronto, means being just steps away from the vibrant Summerhill Market, lush parks, top-tier schools, and an array of shops. The proximity to the TTC and Bike Share facilities further enhances the appeal of this location, making it a true oasis within the bustling city. The Rosedale-Moore Park community is known for its walkability and charm, making it an ideal place for families and professionals alike.

In summary, this Multi-Family Home for sale in Toronto is not just a property; it is an opportunity to invest in a lifestyle that combines comfort, convenience, and community. With its impressive features, strategic location, and potential for income generation, 400 Summerhill Avenue, Toronto, is a must-see for anyone looking to make a sound investment in one of the city's most desirable neighbourhoods. Don’t miss your chance to explore this exceptional offering!

Rosedale-Moore Park is a picturesque and affluent neighbourhood nestled in the heart of Toronto, characterised by its lush greenery, historic architecture, and charming streets. This geographic enclave is bordered by the scenic Rosedale Valley, offering residents a tranquil escape from the bustling city while still being conveniently close to urban amenities. With its tree-lined avenues, well-maintained parks, and proximity to the Don River, the area provides ample opportunities for outdoor activities and leisurely strolls. The community boasts a rich cultural heritage, with a mix of elegant homes and vibrant local shops, making it an appealing choice for those seeking a serene yet sophisticated lifestyle in one of Toronto's most desirable locations.

Schools in the Neighbourhood

This property is ideally located near several reputable educational institutions, making it an excellent choice for families. The closest school, Whitney Junior Public School, is just 0.2 km away and boasts an impressive rating of 9.2, serving grades JK to 6. Another nearby option is Our Lady of Perpetual Help Catholic School, located 0.6 km from the property, with a remarkable rating of 9.8 for grades JK to 8. For older students, Deer Park Junior and Senior Public School (1.3 km away) offers education from JK to 8 with a solid rating of 8. Jarvis Collegiate Institute, situated 2.2 km away, caters to grades 9 to 12 but has a lower rating of 5.9. Additionally, Northlea Elementary and Middle School (3.2 km away) provides French-language education with a rating of 8.2. The area also features several Catholic schools, including St. Joseph's College School (2.6 km) and Holy Name Catholic School (2.6 km), offering education in both English and French. With a variety of high-quality educational options nearby, this property is perfect for families prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 549 residents. The average household consists of 2.4 individuals, with a notable average age of 40.9 years. The economic landscape is characterized by a high average household income of $376,000, indicating a prosperous environment, while only 5.2% of the population falls under the low-income category. The average property price in the area is $2,280,000, reflecting the area's desirability. A significant portion of the population, 44.57%, is single, and 53.33% of households include children, suggesting a family-friendly atmosphere. The community is diverse, with 19% of residents being immigrants. Rental properties are limited, with only 17.95% of households renting, and there are no condominiums available in the area. Education is highly valued, as evidenced by an impressive 82.93% of residents holding a college or university degree. However, 25.61% of the population is not in the labor force, indicating potential opportunities for engagement in local employment. Overall, this area presents a blend of affluence, family orientation, and educational attainment, making it an attractive location for potential homeowners.