560 Atlas Avenue

Introducing a remarkable opportunity to acquire a stunning house for sale in Toronto , located at 560 Atlas Avenue, Toronto. This exceptional detached two-storey home is nestled in the highly sought-after neighbourhood of Oakwood Village, providing an ideal setting for families, investors, and builders alike. The property is situated on an extraordinary lot measuring 25 by 132 feet, stretching the full depth between Atlas Avenue and Winona Drive, making it a unique offering in one of Toronto's most desirable areas.

As you explore this house for sale in Toronto, you will discover a wealth of potential. The property features a double car detached garage with convenient access from Winona Drive, presenting an exciting opportunity to build a substantial laneway suite. This could serve as an additional income-generating unit or a multigenerational living space, perfectly suited for those seeking flexibility in urban living. Furthermore, there is potential for the lot to be severed, allowing for the construction of two homes, as has been successfully done with similar lots in the area. It is essential for prospective buyers to conduct their own due diligence in this regard.

Inside, the house for sale in Toronto boasts a generously sized interior with a functional layout, comprising a total of seven rooms, including three spacious bedrooms and two bathrooms. The finished basement, which features a separate entrance, offers an ideal setup for a potential secondary suite or in-law accommodation, making it an excellent choice for those looking to transform the home into a multi-family investment property. Alternatively, this space can be reimagined and renovated to become your forever family home, set within a thriving and close-knit community.

The property is unfurnished, allowing you the freedom to design and decorate according to your personal taste. The two kitchens provide added convenience, catering to your culinary needs, while the absence of a family room offers a blank canvas for your creative vision. The house is equipped with wall unit air conditioning, ensuring comfort during the warmer months, and benefits from municipal water and sewer services. However, it is worth noting that there is no central vacuum system, pool, or fireplace, which may influence your design choices.

The location of 560 Atlas Avenue, Toronto, is another significant advantage. The property is just steps away from the Eglinton West Subway Station and the Eglinton LRT, providing easy access to public transport and seamless commuting options. Additionally, you will find yourself minutes away from Allen Road, further enhancing connectivity to the rest of the city. The neighbourhood is rich in amenities, with top-rated schools, parks, cafes, and shops all within close proximity. The vibrant atmosphere of nearby communities such as Cedarvale, Forest Hill, and Humewood adds to the appeal of this remarkable location.

Surrounded by stunning custom-built multi-million dollar homes, this house for sale in Toronto presents a blank canvas with endless potential in an area that continues to thrive and evolve. The charming tree-lined streets and family-friendly vibe contribute to the strong sense of community that Oakwood Village is known for. Whether you are an investor seeking a lucrative opportunity, a builder looking to develop, or an end-user searching for your dream home, 560 Atlas Avenue is a rare chance to secure a versatile property in a rapidly growing area.

In conclusion, opportunities like this are few and far between. The house for sale in Toronto at 560 Atlas Avenue is not just a property; it is a gateway to a lifestyle filled with potential and promise. Do not miss your chance to explore this unique offering and envision the possibilities that await within its walls.

Oakwood Village, nestled in the vibrant city of Toronto, is a charming neighbourhood known for its diverse character and strong sense of local identity. This area boasts a delightful mix of residential streets lined with quaint homes, alongside bustling commercial avenues filled with an array of shops, cafes, and restaurants that reflect the multicultural fabric of the city. With its convenient access to public transport and proximity to parks, Oakwood Village offers a perfect blend of urban convenience and community spirit, making it an appealing choice for those seeking a lively yet welcoming environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Just 0.3 km away is J R Wilcox Community School, a public institution offering grades JK to 8, with a solid school rating of 7.3. For older students, Forest Hill Collegiate Institute, a secondary school located 1.5 km away, provides education for grades 9 to 12, though it currently has a school rating of 0. Another nearby option is Humewood Community School, also 1.5 km away, which teaches in French and has a rating of 6.8. St. Thomas Aquinas Catholic School, situated 0.6 km from the property, is a highly rated Catholic elementary school (8.2) serving grades JK to 8. For secondary education, Dante Alighieri Academy, 2.1 km away, and Marshall McLuhan Catholic Secondary School, 2.6 km away, offer grades 9 to 12, with ratings of 4.3 and 6.6, respectively. This diverse selection of schools, covering both public and Catholic education in English and French, ensures that families have access to quality education options within a short distance from their new home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 485 residents. The average household consists of two individuals, with a median age of 48.1 years. The average household income is notably high at $100,000, although 20.8% of the population is classified as low-income. The housing market reflects a significant average price of $1,160,000, indicating a relatively affluent area. A majority of the residents, 55.17%, are single, while 34.78% of households include children, suggesting a mix of family structures. The community is diverse, with 57.3% of residents being immigrants, contributing to its cultural richness. Renting is prevalent, with 66.67% of the population living in rental properties, and only a small fraction, 3.92%, residing in condominiums. Educational attainment is high, with 60% of residents holding a college or university degree. However, nearly half of the population, 49.41%, is not in the labor force, which may indicate a significant number of retirees or individuals engaged in non-traditional work arrangements. Overall, this area presents a unique blend of demographics that could appeal to various potential buyers or renters.