44 Albert Avenue

Introducing a remarkable opportunity with a Multi-Family Home for sale in Etobicoke , located at 44 Albert Avenue, Etobicoke. This exclusive six-unit multiplex is nestled in the heart of the much sought-after Mimico community, offering an exceptional investment potential in a vibrant neighbourhood. The property features a well-structured two-storey building, constructed with durable brick, ensuring both aesthetic appeal and longevity.

The layout of this Multi-Family Home for sale in Etobicoke is designed to accommodate a variety of living arrangements. It comprises five spacious two-bedroom apartments and one cosy one-bedroom apartment, making it ideal for families or individuals seeking a comfortable living space. Each unit is designed to maximise space and functionality, providing a welcoming atmosphere for residents. The total number of rooms across the property amounts to an impressive 17, ensuring ample living space for all tenants.

Situated on a generous lot measuring 42 by 132 feet, this property offers a significant amount of outdoor space, although it does not include a pool. The absence of a garage or driveway is compensated by the provision of parking space for up to six vehicles, a valuable feature in this bustling area of Etobicoke. This Multi-Family Home for sale in Etobicoke is also equipped with municipal water and sewer services, ensuring convenience for all residents.

While the property does not feature central air conditioning or a fireplace, it is heated by a reliable water heating system, providing warmth during the colder months. Additionally, the property benefits from internet connectivity, a necessity for modern living. It is important to note that this Multi-Family Home for sale in Etobicoke is unfurnished, allowing potential buyers the freedom to personalise the space to their liking.

One of the standout features of this property is the separate common laundry area, which enhances the living experience for all tenants. The layout and amenities of this multiplex make it a prime choice for those looking to invest in a rental property within a thriving community. The seller is also open to assisting with financing options (Vendor Take Back) for qualified buyers, making this an even more attractive investment opportunity.

Located at 44 Albert Avenue, Etobicoke, this property is conveniently positioned near Lakeshore and Royal York, providing easy access to local amenities, public transport, and recreational facilities. The Mimico community is known for its friendly atmosphere and vibrant lifestyle, making it a desirable location for families and individuals alike.

Furthermore, it is worth noting that 46 Albert Avenue is also for sale, featuring the same layout and ownership group. This presents an excellent opportunity for investors looking to acquire multiple properties in the same area, enhancing the potential for rental income and community engagement.

In summary, this Multi-Family Home for sale in Etobicoke at 44 Albert Avenue, Etobicoke, is a rare find in a highly sought-after neighbourhood. With its impressive configuration of six units, ample parking, and strategic location, it represents a significant opportunity for investment. The absence of certain features, such as a garage and central air conditioning, does not detract from the property's overall appeal. Instead, it offers a blank canvas for potential buyers to envision their investment strategy. Do not miss the chance to explore this exceptional multiplex; opportunities like this are seldom available in the bustling area of Mimico.

Mimico, nestled within the city of Etobicoke, offers a charming blend of lakeside living and urban convenience. This vibrant neighbourhood is characterised by its picturesque waterfront along Lake Ontario, providing residents with stunning views and ample opportunities for outdoor activities, such as cycling and walking along the scenic Martin Goodman Trail. The area boasts a diverse mix of housing options, from quaint bungalows to modern condominiums, catering to various lifestyles. With a rich history, Mimico features a welcoming atmosphere, complemented by local shops, cafes, and parks, making it an appealing choice for those seeking a balance of tranquillity and accessibility to the bustling city of Toronto just a short distance away.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a variety of needs for families with children. The closest school, David Hornell Junior School, is a public elementary school just 0.3 km away, offering grades from JK to 5. For a broader range, John English Junior Middle School, also a public institution, is located 0.6 km away and serves grades JK to 8, with a commendable school rating of 7.1. Additionally, St. Louis Catholic School, situated 1.3 km away, provides both English and French instruction for grades JK to 8 and has a solid rating of 7. For secondary education, Lakeshore Collegiate Institute is available 2.9 km from the property, while Bishop Allen Academy, a Catholic high school with an impressive rating of 9, is located 2.3 km away. Overall, the area boasts a mix of public and Catholic schools, ensuring quality education options in both English and French, making it an ideal location for families seeking a supportive educational environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 547 residents, with an average household size of 2.4. The demographic profile indicates a relatively mature community, with an average age of 39.3 years. The average household income is notably high at $121,000, and only 5.6% of the population is classified as low-income. The housing market reflects this affluence, with an average property price of $1,100,000. A significant portion of the community is single (36.26%), while nearly half (46.88%) of households have children, indicating a family-friendly environment. The area is diverse, with 38.46% of residents being immigrants, contributing to its vibrant cultural fabric. Renters make up a substantial 44.68% of the population, suggesting a dynamic rental market, although there are no condominiums available. Educational attainment is high, with 68.69% of residents holding a college or university degree. However, 30.3% of the population is not in the labor force, which may indicate a mix of retirees, students, or individuals pursuing other interests. Overall, this community presents a blend of affluence, diversity, and family-oriented living.