5290 Lawrence Avenue E

Introducing a remarkable opportunity with this house for sale in Scarborough , located at 5290 Lawrence Avenue E, Scarborough. This detached home, nestled in the desirable Centennial Scarborough community, boasts immense potential for both owner-occupiers and investors alike. With its strategic position on Lawrence Avenue, adjacent to Port Union, this property is a gem waiting to be discovered.

This well-maintained 1 1/2 storey brick and concrete house features three spacious bedrooms and a den, making it an ideal setting for families or those seeking extra space for a home office. The property also includes two kitchens, which is a rare find, offering flexibility for meal preparation or potential rental opportunities. The bathrooms, of which there are two, are conveniently located, ensuring comfort and privacy for all occupants.

One of the standout features of this house for sale in Scarborough is its generous lot size of 60 x 181 feet. This expansive space not only allows for ample outdoor enjoyment but also presents exciting possibilities for expansion. In fact, plans have already been drawn up and permits obtained for a six-unit building, making this property an attractive option for those looking to invest in multi-unit developments. Whether you choose to maintain the current rental arrangement, with a long-term A+ tenant currently paying $3485 per month, or prefer vacant possession, the choice is yours.

The property is equipped with central air conditioning, ensuring comfort during the warmer months, and the finished basement provides additional living space, complete with a separate entrance. This feature enhances the versatility of the home, allowing for potential rental income or simply a private area for guests. It is important to note that while this house for sale in Scarborough does not have a pool or fireplace, the absence of these features allows for a more straightforward maintenance routine, which many buyers may appreciate.

Parking is a breeze with an attached garage that accommodates one vehicle, alongside additional parking space for up to three cars. Although there is no driveway, the garage provides sufficient access for residents and visitors alike. The property is connected to municipal water and sewer services, ensuring reliable utilities for everyday living.

Situated just a three-minute drive from Rouge Hill GO station, and with TTC services at your doorstep, this location offers excellent connectivity to the rest of Toronto. The convenience of public transport makes this house for sale in Scarborough particularly appealing for commuters or those who enjoy the vibrant city life while residing in a quieter suburban setting.

In summary, 5290 Lawrence Avenue E, Scarborough, presents a unique opportunity for both homebuyers and investors. With its spacious layout, potential for expansion, and prime location, this house for sale in Scarborough is a must-see. Whether you envision it as your family home or a lucrative investment, the possibilities are endless. Don’t miss out on the chance to own this exceptional property in one of Scarborough's most sought-after communities. Act now and explore the potential that awaits you at this outstanding address.

Centennial Scarborough is a vibrant and diverse neighbourhood located in the eastern part of Scarborough, a district of Toronto, Ontario. Known for its family-friendly atmosphere, the area boasts a mix of residential homes, parks, and convenient amenities, making it an ideal place for those seeking a balanced lifestyle. The community is well-connected by public transport, providing easy access to the bustling city centre, while also offering a range of local shops, schools, and recreational facilities. With its welcoming spirit and rich cultural tapestry, Centennial Scarborough presents an inviting environment for new residents looking to settle in a lively yet tranquil setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is St. Brendan Catholic School, just 0.6 km away, offering a strong academic program for grades JK to 8 with a commendable rating of 7.8. For younger children, Charlottetown Junior Public School (0.9 km) provides education from JK to grade 6 and has a rating of 6.5. As children progress, they can attend Joseph Howe Senior Public School (1.4 km) for grades 7 and 8, although it currently holds a rating of 0. The nearby Sir Oliver Mowat Collegiate Institute (0.7 km) caters to high school students in grades 9 to 12, though it also has a rating of 0. Additionally, William G Miller Public School (1.5 km) offers a French immersion program for grades JK to 8, rated at 5.6. For those seeking Catholic education, St. John Paul II Catholic Secondary School (4.2 km) serves grades 9 to 12 with a rating of 7.3. Overall, this area boasts a variety of educational options, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 365 residents as of 2021. The average household size is 3.2, indicating family-oriented living, with 52.38% of households having children. The average age of residents is 46.8 years, reflecting a mature demographic. Financially, the area boasts a high average household income of $164,000, with no residents classified as low-income. The average property price stands at $1,160,000, suggesting a premium real estate market. Notably, 36.51% of the population is single, while 26.56% are immigrants, contributing to the community's diversity. The education level is impressive, with 61.82% of residents holding a college or university degree. However, a significant portion of the population, 36.36%, is not in the labor force, which may indicate a mix of retirees or individuals engaged in non-traditional work. The area is characterized by homeownership, as there are no renters or condominiums reported, highlighting a stable residential environment. Overall, this community offers a blend of affluence, education, and family-oriented living.