46 Albert Avenue

Introducing a rare opportunity to acquire a Multi-Family Home for sale in Etobicoke , located at 46 Albert Avenue, Etobicoke. This exclusive six-unit multiplex is nestled in the heart of South Etobicoke, specifically within the highly sought-after Mimico community. The property boasts a prime location, with easy access to Lakeshore and Royal York, making it an ideal investment for those looking to capitalise on the vibrant local market.

This impressive building features a robust brick exterior, showcasing a classic design that is both timeless and appealing. The two-storey structure houses a total of 17 rooms, including 11 well-appointed bedrooms and six bathrooms, ensuring ample space for residents. The layout consists of five two-bedroom apartments and one one-bedroom apartment, catering to a diverse range of tenants. This Multi-Family Home for sale in Etobicoke is perfect for investors seeking a property with significant rental potential.

The property does not include a central vacuum system, nor does it have air conditioning, which allows for a more straightforward maintenance approach. However, it does feature a municipal water supply and sewer system, ensuring that essential services are readily available. The absence of a garage may be a consideration for some, but the mutual driveway provides parking space for up to six vehicles, accommodating the needs of both residents and guests.

At 46 Albert Avenue, Etobicoke, the building also includes a separate common laundry area, enhancing convenience for tenants and contributing to the overall appeal of the property. Although there is no family room or additional rooms, the spacious apartments are designed to maximise comfort and functionality. The heating is provided by a water system, ensuring a warm and inviting atmosphere during the colder months.

The basement of this Multi-Family Home for sale in Etobicoke features an apartment, adding to the versatility of the property. This additional living space can be utilised as a rental unit or for personal use, further increasing the potential for income generation. The property is currently unfurnished, allowing prospective buyers the freedom to design and decorate according to their preferences.

It is worth noting that there is no pool or fireplace on the premises, which may appeal to buyers looking for a low-maintenance investment. The absence of these features does not detract from the overall value of this Multi-Family Home for sale in Etobicoke; rather, it provides an opportunity for the new owner to implement their vision for the property.

The lot measures an impressive 42 by 132 feet, offering ample outdoor space for potential landscaping or recreational use. While there is no additional land included in the sale, the existing lot size is substantial enough to accommodate the needs of multiple tenants while providing a pleasant environment.

Furthermore, the seller is open to assisting with financing (VTB) for qualified buyers, making this an even more attractive investment opportunity. The nearby property at 44 Albert Avenue is also for sale, featuring the same layout and ownership group, which could provide an exceptional chance for investors to expand their portfolio in this desirable area.

In summary, this Multi-Family Home for sale in Etobicoke at 46 Albert Avenue, Etobicoke, represents a unique investment opportunity in a thriving neighbourhood. With its impressive rental potential, spacious apartments, and prime location, this property is not to be missed. Prospective buyers are encouraged to act quickly, as opportunities like this are rarely available in such a coveted community. Remember, do not approach tenants, as this property is currently occupied. Seize the chance to invest in a flourishing market and make this Multi-Family Home for sale in Etobicoke your next successful venture.

Mimico, nestled within the city of Etobicoke, is a charming lakeside neighbourhood that offers a unique blend of urban convenience and natural beauty. With its picturesque waterfront along Lake Ontario, residents can enjoy scenic parks, walking trails, and recreational activities, making it an ideal spot for outdoor enthusiasts. The area boasts a diverse array of shops, cafes, and restaurants, providing a vibrant local scene while still being well-connected to downtown Toronto via public transport. With a rich history and a welcoming atmosphere, Mimico presents an appealing option for those seeking a tranquil yet accessible place to call home.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it an excellent choice for families. The closest school is David Hornell Junior School, just 0.3 km away, offering a public elementary education for grades JK to 5. For a broader range, John English Junior Middle School is only 0.7 km away, providing both English and French instruction for grades JK to 8, with a commendable school rating of 7.1. Additionally, St. Louis Catholic School, located 1.3 km from the property, offers a Catholic education for grades JK to 8, rated 7. It is also noteworthy that Lakeshore Collegiate Institute, a secondary school for grades 9 to 12, is situated 2.9 km away, although it currently has no rating. For those seeking Catholic secondary education, Bishop Allen Academy is a strong option at 2.3 km, boasting a high rating of 9. Furthermore, the area is served by various schools offering instruction in both English and French, ensuring diverse educational opportunities. With such a range of schools nearby, families will find ample choices to meet their children's educational needs.

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 community is characterized by a relatively mature demographic, with an average age of 39.3 years. The average household income stands at an impressive $121,000, reflecting a robust economic environment, while only 5.6% of the population is classified as low-income. The real estate market shows an average property price of $1,100,000, indicating a demand for high-value homes. Approximately 36.26% of the residents are single, and nearly half (46.88%) of households include children, suggesting a family-friendly atmosphere. The area is also notable for its diversity, with 38.46% of the population being immigrants. Renters comprise a significant portion at 44.68%, while there are no condominiums available in the vicinity. Education levels are high, with 68.69% of residents holding a college or university degree. However, it is worth noting that 30.3% of the population is not in the labor force, which may influence local economic dynamics. Overall, this community offers a blend of family-oriented living, cultural diversity, and a strong emphasis on education.