42 August Avenue

Nestled in the charming community of Oakridge, this exceptional Multi-Family Home for sale in Scarborough at 42 August Avenue, Scarborough, presents a unique opportunity for builders and developers alike. This property is not just any house; it’s a partially completed residential build situated near the bustling intersection of Danforth Avenue and Victoria Park, making it an ideal location for those looking to settle in one of Toronto's most sought-after neighbourhoods. With the picturesque Beaches just a stone's throw away, you’ll find yourself in a prime spot that offers both tranquillity and accessibility.

As you approach 42 August Avenue, Scarborough, you’ll notice the inviting atmosphere of this quiet, dead-end street, which is lined with custom homes and mature trees. The area is family-friendly and boasts excellent access to downtown Toronto, public transport via the TTC, top-rated schools, parks, and a variety of local shops. This Multi-Family Home for sale in Scarborough is perfect for anyone looking to create a home that reflects their personal style while enjoying the benefits of a vibrant community.

The property features a generous layout with a total of nine rooms, including four spacious bedrooms and a den, providing ample space for family living or for those who work from home. With four bathrooms, morning routines will be a breeze, and the presence of a family room means there’s plenty of space for relaxation and entertainment. Although the home is currently unfurnished, it presents a blank canvas for you to design your dream living space.

One of the standout features of this Multi-Family Home for sale in Scarborough is the central air conditioning, ensuring comfort throughout the year. While there is no additional kitchen, the main kitchen is well-equipped for all your culinary needs. The home also boasts a delightful fireplace, perfect for cosy evenings in during the colder months. The heating is provided by a forced air system, and the property is connected to municipal water and sewer systems, making it a convenient choice for modern living.

The exterior of the building is designed in a multiplex style over two storeys, providing a unique aesthetic that stands out in the neighbourhood. The lot measures a generous 25 by 107 feet, offering a good amount of outdoor space for potential landscaping or recreational activities. Although there is no pool, the private driveway accommodates two parking spaces, with a built-in garage providing additional convenience.

It’s important to note that this property is being sold as-is, where-is, making it an ideal project for builders looking to put their own finishing touches on a home that has already seen significant progress. The framing and foundation work are completed, giving you a head start on construction. Plans for the home call for a modern design that includes four bedrooms and four bathrooms, tailored for today’s lifestyle needs.

Additionally, the property at 42 August Avenue, Scarborough, is being sold together with the adjacent property at 40 August Avenue, which is an identical home in a mirror image layout. This presents an incredible opportunity for developers looking to expand their portfolio or for families wishing to invest in a dual-family living arrangement.

In conclusion, this Multi-Family Home for sale in Scarborough is a remarkable opportunity that should not be missed. With its prime location, spacious layout, and potential for customisation, 42 August Avenue, Scarborough, is ready for its new owners to bring their vision to life. Showings are by appointment only, so be sure to reach out to schedule a visit and explore the possibilities that await you in this charming community. Don’t hesitate; opportunities like this don’t come around often!

Oakridge, nestled in the vibrant city of Scarborough, is a charming residential neighbourhood characterised by its tranquil tree-lined streets and well-established homes. The area boasts a mix of green spaces, including parks and recreational facilities, making it an ideal setting for families and outdoor enthusiasts alike. With convenient access to local amenities, such as shopping centres, schools, and public transport links, Oakridge offers a harmonious blend of suburban comfort and urban convenience. Its friendly atmosphere and diverse population contribute to a welcoming environment, making it a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. Within a short distance of just 0.3 km, you will find Oakridge Junior Public School and St. Dunstan Catholic School, both offering elementary education from JK to grades 8. For middle school education, Samuel Hearne Middle School is located only 0.4 km away. Birchmount Park Collegiate Institute, a secondary school, is situated 1.8 km from the property and has a commendable school rating of 5.6. Additionally, the area is served by several Catholic schools, including Neil McNeil High School, which is 1.4 km away and boasts an impressive rating of 8.1, and St. Brigid Catholic School, located 2.9 km away, offering education in French. For those seeking a French-language education, Cliffside Public School is also nearby, with a rating of 4.5. Overall, the variety of schools available in close proximity caters to different educational needs and preferences, ensuring a supportive environment for children to thrive academically.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 455 residents and an average household size of 2.4. The average age of the population is 40.7 years, indicating a mature demographic. The average household income stands at $87,000, with 16% of the population classified as low-income. The real estate market reflects a median home price of $690,000, suggesting a relatively affluent area. A significant portion of the population, 57.83%, is single, while 34.78% of households include children, indicating a mix of family structures. The community is notably diverse, with 43.75% of residents being immigrants. Renters comprise 30.56% of the population, and only 5.56% live in condominiums, pointing to a preference for other housing types. Education levels are high, with 73.68% of residents holding a college or university degree. However, 27.63% of the population is not in the labor force, which may reflect a variety of circumstances. Overall, this area presents a blend of educational attainment, diversity, and a stable housing market, making it an attractive location for potential buyers and renters alike.