44 Memorial Avenue

Welcome to this fantastic opportunity: a Multi-Family Home for sale in Woolwich , located at 44 Memorial Avenue, Woolwich. This impressive multiplex, nestled in the vibrant area of Waterloo, is perfect for those looking to invest in a growing community that is in high demand for housing. With its prime location and excellent features, this property is bound to catch your eye.

As you step into this two-storey brick building, you'll immediately appreciate the sheer size and potential of this Multi-Family Home for sale in Woolwich. With a total of 23 rooms, including six well-appointed bedrooms and six bathrooms, this property is designed to accommodate multiple families comfortably. Each of the six one-bedroom units is equipped with essential amenities, including a fridge and stove, ensuring that residents have everything they need right at their fingertips.

The layout of this Multi-Family Home for sale in Woolwich is particularly appealing. Each unit has separate heating, allowing for individual comfort and control over the living environment. There’s also a coin laundry room on-site, which is a fantastic convenience for all residents. The controlled entrance and private indoor access to each unit provide an added layer of security and privacy, making this property a safe haven for families.

Situated on a generous lot measuring 50 x 133 feet, this property boasts ample parking space for up to six vehicles, thanks to the mutual reserved/assigned driveway. While there is no garage, the parking arrangements are more than adequate for a property of this size. Additionally, the lack of a pool and fireplace means that maintenance is kept to a minimum, allowing you to focus on maximising your investment.

The exterior of the building is constructed from durable brick, ensuring longevity and a classic aesthetic that fits well within the neighbourhood. Although the property is unfurnished, this offers a blank canvas for future owners or tenants to personalise their living spaces. With no central vacuum system and no additional rooms, the focus remains on the essentials, making it an efficient and practical investment.

The heating system is radiant, providing a cosy warmth throughout the building, while the municipal water and sewer services ensure that all basic utilities are readily available. Internet connectivity is also a plus, making this Multi-Family Home for sale in Woolwich an attractive option for modern living, where staying connected is key.

This property, aged between 51 and 99 years, has stood the test of time and is well-positioned in a neighbourhood that is seeing a steady increase in demand. Elmira, as part of the growing community of Woolwich, is an area that is becoming increasingly popular among families and professionals alike. The proximity to downtown means that residents can enjoy the best of both worlds: a peaceful residential environment with easy access to urban amenities.

Investing in this Multi-Family Home for sale in Woolwich is not just about acquiring a property; it’s about becoming part of a thriving community. The demand for housing in this area is only set to grow, making this an excellent addition to any investment portfolio. Whether you’re looking to rent out the units or live in one while renting the others, the potential for return on investment is significant.

In summary, 44 Memorial Avenue, Woolwich, offers a unique opportunity to own a well-located, spacious multiplex in a desirable area. With six one-bedroom units, ample parking, and a range of practical features, this Multi-Family Home for sale in Woolwich is a must-see for any serious investor. Don’t miss out on the chance to be part of this flourishing community—schedule a viewing today and explore the possibilities that await you!

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it an excellent choice for families. The closest school is Elmira District Secondary School, just 0.3 km away, offering grades 9 to 12 with a commendable rating of 6.9. For younger children, John Mahood Public School is only 0.6 km away, providing elementary education in both English and French for grades K to 6, and it boasts a solid rating of 5.3. Park Manor Senior Public School, located 1.4 km from the property, serves grades 7 to 8, although it currently has a rating of 0. Additionally, St. Teresa of Avila Catholic Elementary School, situated 1.1 km away, offers a Catholic education for grades JK to 8 and holds a rating of 6. This diverse range of nearby schools ensures that families have access to quality education options in both public and Catholic systems, catering to various language preferences and educational needs. Overall, the proximity to these schools enhances the appeal of this property for potential buyers looking for a family-friendly environment.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, stable community with a population of 333 residents as of 2021. The average household size is 2.4, indicating a mix of families and individuals, with 50% of households containing children. The average age of residents is 42.8 years, suggesting a mature population. Economic indicators are strong, with an average household income of $118,000 and only 4% of the population classified as low-income. The average property price in the area is $640,000, reflecting the desirability of the location. A notable 36.84% of residents are single, while 14.81% are renters, indicating a relatively stable ownership market with no condos present. Education levels are high, with 55.74% of the population holding a college or university degree. However, a significant portion, 39.34%, is not in the labor force, which may reflect a variety of factors, including retirement or other commitments. The area also has a small immigrant population at 2.67%, contributing to its diverse social fabric. Overall, this community presents a blend of stability, economic opportunity, and educational attainment, making it an attractive place to live.