48 Sullivan Street

Welcome to a fantastic opportunity in the heart of downtown Toronto! This charming townhouse for sale in Toronto is located at 48 Sullivan Street, Toronto, and boasts a spacious layout that is perfect for families or investors alike. With five generous bedrooms and a den, this freehold townhouse presents a unique living experience that is akin to a semi-detached home, providing both privacy and space.

Nestled in the vibrant Kensington-Chinatown community, this townhouse for sale in Toronto enjoys a prime location with an impressive walk score of 100. You’ll find yourself just steps away from Grange Park, OCAD, Queen West, Chinatown, and the bustling Art District, making it an ideal spot for those who appreciate the convenience of urban living. The property is well-connected, ensuring that everything you need is within easy reach.

As you enter the home, you are greeted by soaring ceilings of over 9 feet on the main floor, which creates an airy and inviting atmosphere. The ground-level kitchen is a highlight of the home, featuring modern stainless steel appliances, a stylish backsplash, and an eat-in area that is perfect for family meals or entertaining guests. From the kitchen, you can step out into a private yard, providing a lovely outdoor space for relaxation or gatherings.

The townhouse comprises a total of seven rooms, including five bedrooms, which offer ample space for family or guests. The den adds versatility to the layout, allowing for a home office or additional living space. The second floor is flooded with natural light, thanks to a skylight in the hallway and bathroom, enhancing the overall brightness of the home.

In terms of amenities, this townhouse for sale in Toronto is equipped with central air conditioning to keep you comfortable during the warmer months. While there is no pool or fireplace, the home does feature a partially finished basement, which presents an excellent opportunity for further development or storage. The property is unfurnished, allowing you to personalise the space to your taste.

Parking is a breeze with two dedicated spaces available, a significant advantage in this bustling area. The updated electrical panel ensures that the home is modern and efficient, making it a sound investment for any potential buyer. Currently, this property is generating approximately $4,000 per month in rental income, making it an ideal addition to any investor's portfolio.

The townhouse is situated on a lot measuring 15 by 83 feet, providing a manageable outdoor space without the burden of extensive maintenance. With no garage or driveway, the focus remains on the convenience of urban living, where public transport and amenities are just a stone's throw away.

In summary, this townhouse for sale in Toronto at 48 Sullivan Street, Toronto, is a remarkable opportunity that combines space, location, and potential. Whether you are looking for a family home or a smart investment, this property ticks all the boxes. With its spacious five bedrooms, updated kitchen, and prime location in the Kensington-Chinatown community, it is sure to attract attention. Don't miss out on the chance to make this charming townhouse your own!

Kensington-Chinatown, nestled in the heart of Toronto, is a vibrant and eclectic neighbourhood renowned for its rich cultural tapestry and lively atmosphere. This area seamlessly blends the historic charm of Kensington Market, with its colourful street art, vintage shops, and diverse food stalls, alongside the bustling energy of Chinatown, where traditional Asian markets and restaurants abound. Residents enjoy a unique urban experience, characterised by a strong sense of community, an array of cultural festivals, and a lively street scene. With its proximity to downtown Toronto, excellent public transport links, and a plethora of amenities, Kensington-Chinatown offers a dynamic living environment that appeals to those seeking both excitement and a sense of belonging in the city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Ogden Junior Public School, just 0.2 km away, offering elementary education from JK to grade 6, with a commendable school rating of 7.6. Another nearby option is Beverley School, located 0.5 km away, which serves grades JK to 8, although it currently has no rating available. For families seeking French immersion, Ryerson Community School is 0.6 km away, catering to grades JK to 8, but has a lower rating of 3.8. St. Mary Catholic School, 1.0 km from the property, provides education from JK to 8 and has a rating of 5.7, while St. Joseph's College School, located 1.5 km away, serves grades 9 to 12 and holds a strong rating of 7.6. Additionally, Kapapamahchakwew - Wandering Spirit School, which caters to high school students, is 1.6 km away but currently has no rating. Overall, this area boasts a variety of educational options, ensuring that families have access to quality schooling within a short distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 374 residents, with an average household size of 2.1. The demographic profile reveals an average age of 43.2 years, indicating a mature community. The average household income stands at $81,000, though 22% of the population is classified as low-income. The real estate market is characterized by an average property price of $1,320,000, with a notable 64.71% of the population being single. Families with children make up 25% of households, while a significant portion, 46.15%, are immigrants, contributing to the area's cultural diversity. Renters comprise 58.82% of the housing market, with condominiums representing a smaller segment at 5.88%. Educational attainment is relatively high, with 46.97% of residents holding a college or university degree. However, a substantial 42.42% of the population is not actively participating in the labor force, suggesting potential economic challenges. Overall, this demographic snapshot highlights a diverse community with a mix of income levels, housing types, and educational backgrounds, making it an intriguing area for potential buyers and investors.