454 Donlands Avenue

Welcome to an exceptional opportunity with this Multi-Family Home for sale in East York , located at 454 Donlands Avenue, East York. This meticulously maintained legal multiplex is not just a property; it’s a rare gem that offers a myriad of possibilities for both investors and end-users alike. Whether you’re looking to secure a family home with rental income potential or seeking a solid investment, this property ticks all the boxes.

As you step into this impressive 2-storey building, you’ll immediately notice the charm and character that the stucco exterior exudes. The property boasts a generous layout, featuring a total of 13 rooms, including four kitchens and three spacious bedrooms. The design is perfect for accommodating a variety of living arrangements, making it an ideal Multi-Family Home for sale in East York. With the additional two kitchens, you can easily cater to multiple families or tenants, ensuring everyone has their own space while still being under one roof.

One of the standout features of this property is its potential for strong rental income. With a projected gross income of over £125,000 annually, the low operating expenses make this an attractive investment. The spacious top-floor area could serve as a generous owner’s suite, allowing you to live comfortably while generating income from the other units. This flexibility makes it a fantastic option for families looking to secure a first home for their children, with the added benefit of rental income to help offset costs. The Multi-Family Home for sale in East York truly offers multiple options for living arrangements and investment strategies.

Situated on a lot measuring 40 x 106 feet, the property also features a detached garage with space for 1.5 cars. This could be an additional source of rental income or even a potential future laneway suite, providing yet another avenue for generating revenue. The driveway is available for easy access, and while there is no pool or fireplace, the property is equipped with central air conditioning to keep you comfortable throughout the warmer months.

The location is another significant advantage of this Multi-Family Home for sale in East York. Positioned at 454 Donlands Avenue, East York, you’ll find yourself just a few short bus stops away from the Donlands Subway station, with the upcoming Ontario Line making commuting even more convenient. The property is also within walking distance to quaint local shops, providing a charming community feel. Plus, with easy access to the DVP and just a few minutes to Yonge & Bloor by either subway or car, the connectivity is excellent.

Although the property is currently unfurnished, this gives you the freedom to design the interiors to your taste. The home features forced air heating, and the municipal water and sewer systems ensure that you have all the essential services at your fingertips. With no central vacuum system and no family room, the layout remains straightforward and functional, allowing for easy maintenance and management.

This Multi-Family Home for sale in East York is a rare offering, especially considering its age of 16-30 years, which means it’s relatively modern and well-maintained. The separate entrance to the basement adds an extra layer of privacy and potential for additional rental opportunities.

In summary, if you’re in the market for a versatile and well-located property, look no further than this exceptional legal multiplex at 454 Donlands Avenue, East York. With its strong income potential, flexible living arrangements, and a prime location, this Multi-Family Home for sale in East York is not to be missed. Whether you’re an investor or a family looking to create a home with income potential, this property truly has it all. Don’t let this opportunity slip away!

East York, a charming district in the city of Toronto, offers a delightful blend of suburban tranquillity and urban convenience. Known for its tree-lined streets and well-maintained parks, this area is characterised by a mix of residential homes, from quaint bungalows to modern townhouses. The community boasts a strong sense of local identity, with a variety of independent shops, cafes, and eateries that reflect its diverse population. Excellent schools and recreational facilities make it an attractive choice for families, while its proximity to downtown Toronto ensures easy access to the city's vibrant cultural scene. With a welcoming atmosphere and a focus on community engagement, East York presents an appealing option for those seeking a balanced lifestyle in a picturesque setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.5 km, William Burgess Elementary School offers a public education for grades JK to 5, while Cosburn Middle School, located 1.0 km away, serves grades 6 to 8. For secondary education, East York Collegiate Institute, situated 1.3 km from the property, has a commendable school rating of 5.4 and caters to students in grades 9 to 12. Additionally, Earl Beatty Junior and Senior Public School, 2.0 km away, provides a French-language curriculum for grades JK to 8 and boasts a school rating of 6.1. Families seeking a Catholic education will find Holy Cross Catholic School, only 0.6 km away, offering grades JK to 8 with a rating of 5.1. St. Patrick Catholic Secondary School, located 2.2 km from the property, serves grades 9 to 12 and has a strong rating of 6.9. Lastly, Holy Name Catholic School, 2.0 km away, provides French-language education for younger students, with an impressive rating of 7.3. This diverse array of schools ensures quality educational options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 514 residents, with an average household size of 2.4. The demographic profile reveals an average age of 42.8 years and a robust average household income of $162,000, indicating a relatively affluent community. Low-income households constitute only 6.4% of the population, while 50% of households include children, reflecting a family-friendly environment. The area has a significant portion of single individuals at 47.19%, and a notable immigrant population of 32.08%. Renting is common, with 35.56% of residents identified as renters, although there are no condominiums in the area. Education levels are high, with 63.54% of the population holding a college or university degree. However, a substantial 44.79% of residents are not in the labor force, which may indicate a mix of retirees, students, or individuals engaged in other pursuits. The average property price in the area stands at $1,220,000, reflecting the desirability of the neighborhood. Overall, this community presents a blend of affluence, educational attainment, and family-oriented living, making it an attractive location for potential homeowners.