45 Strathmore Boulevard

Introducing a remarkable opportunity to acquire a house for sale in East York , specifically at 45 Strathmore Boulevard, East York. This exceptional detached property, boasting a distinctive 2 1/2 storey design, is situated in the highly sought-after Danforth community of Toronto. With a generous lot size of 20 x 125 feet, this residence has been meticulously upgraded to accommodate a multi-unit investment, presenting a rare find in today’s market.

The house for sale in East York features an impressive total of 16 rooms, including four well-appointed bedrooms and a den, making it ideal for both investors and families alike. The property comprises three kitchens, ensuring ample culinary space for all units. Each kitchen has been thoughtfully designed to enhance functionality, with the main and lower levels hosting a spacious 2-bedroom unit that includes a renovated kitchen equipped with smart hotplates and generous counter space. This unit also provides access to a delightful south-facing backyard, perfect for enjoying the outdoors.

In addition to the main unit, the upper levels of this house for sale in East York each offer bright and airy 1-bedroom units. The second-floor unit is particularly inviting, featuring an open layout that allows for an abundance of natural light, creating a comfortable living space. Meanwhile, the third-floor unit boasts a loft-like feel with a private balcony that offers unobstructed views, adding to its charm and appeal.

The basement of this property is equally impressive, housing a newly underpinned bachelor suite that has been upgraded to include its own private walkout and separate entrance. This suite is designed to maximise space and comfort, featuring a sun-filled living area, new foundations, an efficient drainage system, and a sump pump. This thoughtful design ensures that the basement is both functional and inviting, making it a desirable living space for tenants.

For those considering the investment potential, this house for sale in East York currently offers a 5.17% cap rate, with A+ tenants already in place. The property is literally steps away from the subway, making it an ideal location for renters in a high-demand rental market. The secure common entrance provides added convenience, along with laundry facilities and bike storage. Furthermore, the solid double-car garage, which is detached, presents potential for a laneway house, adding even more value to this already impressive property.

Additional features of this home include wall unit air conditioning, municipal water and sewer services, and a heating system powered by water. It is important to note that the house is being sold unfurnished, allowing new owners the opportunity to personalise the space to their taste. While there is no central vacuum system, family room, or pool, the significant capital improvements already completed on the property make it a standout investment.

With a total area of 3,239 square feet, including the finished basement, this house for sale in East York is not only spacious but also offers a stable income with future upside potential. For the first year, free property management services are included, providing peace of mind for any prospective buyer.

In summary, 45 Strathmore Boulevard, East York, is a unique opportunity for those looking to invest in a prime location within Toronto. This house for sale in East York combines a strategic location, upgraded facilities, and the potential for strong rental income, making it an investment not to be missed. Whether you are an astute investor or seeking a family home, this property has much to offer. Don’t hesitate to explore this exceptional opportunity today!

Danforth, nestled within the vibrant area of East York, is a charming neighbourhood renowned for its eclectic blend of cultures and community spirit. The Danforth Avenue, often referred to as "The Danforth," is a bustling thoroughfare lined with an array of shops, cafes, and restaurants, offering a delightful mix of cuisines that reflect the diverse population. The area is well-served by public transport, making it easy to access downtown Toronto while still providing a more relaxed suburban feel. With its tree-lined streets, parks, and a strong sense of local identity, Danforth is an inviting place for families and individuals alike, combining the conveniences of urban living with a warm, community-oriented atmosphere.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it an excellent choice for families. The closest school, Wilkinson Junior Public School, is just 0.2 km away and offers a solid education for grades JK to 6, boasting a school rating of 7.9. Earl Grey Senior Public School, located 0.5 km from the property, serves grades 7 to 8, although it currently has a rating of 0. For secondary education, Monarch Park Collegiate Institute is 1.2 km away, providing education for grades 9 to 12, but also has a rating of 0. Earl Haig Public School, 1.3 km from the property, offers a French immersion program for grades JK to 8 and has a commendable rating of 7.7. Additionally, Holy Name Catholic School, located 0.8 km away, offers both English and French programs for grades JK to 8 and has a rating of 6.3. For high school, St. Patrick Catholic Secondary School is 0.9 km away, with a rating of 7.3. Overall, the area provides a diverse range of educational options, catering to various language preferences and grade levels, ensuring quality education for your children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 494 residents, with an average household size of 2.2 individuals. The community has a relatively mature demographic, with an average age of 40.8 years. The average household income stands at $93,000, indicating a moderately affluent area, although 15.2% of the population is classified as low-income. The real estate market reflects high property values, with an average price of $1,200,000. Socially, the area is diverse, with 31.73% of residents being immigrants and a significant portion of the population (50.57%) identifying as single. Families are also prevalent, with 47.83% of households having children. The rental market is robust, with 70% of residents renting their homes, and there are no condominiums in the area. Education levels are notably high, with 64.77% of residents holding a college or university degree. However, a considerable portion of the population, 31.82%, is not participating in the labor force, suggesting potential challenges in employment opportunities. Overall, the area presents a blend of affluence, diversity, and educational attainment, making it an intriguing location for potential buyers or investors.