640 Pape Avenue

Introducing a remarkable townhouse for sale in Toronto , located at 640 Pape Avenue, Toronto. This freehold townhouse, boasting a charming two-storey design, is situated in the vibrant North Riverdale community, making it an ideal opportunity for those seeking a blend of residential and commercial space. With a generous lot size of 13 x 100 feet, this property offers ample room for various possibilities.

As you step into this deceptively spacious townhouse for sale in Toronto, you will immediately appreciate the flexible main-level area that can serve as a retail or live-work space. This unique feature allows for a multitude of uses, making it perfect for modern businesses, creative studios, or even comfortable living arrangements. The layout is designed to maximise exposure, benefiting from the constant flow of both vehicular and pedestrian traffic along Pape Street, which is a significant advantage for any business venture.

The property features a finished lower level that enhances the overall functionality of the townhouse. This additional space can be tailored to suit your needs, whether it be for storage, an office, or a recreational area. The upper level of the townhouse houses a stylish two-bedroom apartment that is filled with natural light, creating a warm and inviting atmosphere. The apartment also includes a den, which can be utilised as an office or an extra bedroom, adding to the versatility of this townhouse for sale in Toronto.

The kitchen, located on the main level, is well-equipped and perfect for preparing meals, while an additional kitchen upstairs provides convenience for entertaining guests or accommodating family needs. The property features a total of five rooms, including two bedrooms and three bathrooms, ensuring that there is plenty of space for everyone. The bathrooms are modern and well-appointed, catering to the needs of a busy household.

In terms of amenities, this townhouse for sale in Toronto is equipped with a window air conditioning unit, ensuring comfort during the warmer months. Although there is no central vacuum system or fireplace, the property does benefit from forced air heating, which efficiently warms the space during the colder seasons. Internet connectivity is readily available, making it easy to stay connected for both personal and professional needs.

Parking is a notable feature of this property, with space for two vehicles accessible via the laneway. This is particularly advantageous in the bustling city of Toronto, where parking can often be a challenge. The absence of a garage does not detract from the convenience of this townhouse, as the driveway provides ample access for residents and visitors alike.

The townhouse is unfurnished, allowing new owners to personalise the space to their taste and style. With no additional land included, the focus remains on the well-designed living areas within the property. The age of the building, over 100 years, adds character and charm, making it a unique addition to the North Riverdale neighbourhood.

This townhouse for sale in Toronto is not just a home; it is a rare opportunity to secure a property in one of Toronto's most dynamic neighbourhoods. Whether you are an investor looking to elevate your portfolio, an entrepreneur seeking a high-visibility storefront, or an end-user wanting to combine home and work under one roof, this property at 640 Pape Avenue, Toronto, presents an exceptional chance to realise your ambitions.

In summary, 640 Pape Avenue, Toronto, is a versatile townhouse for sale in Toronto that caters to a variety of needs. With its strategic location, spacious layout, and potential for both residential and commercial use, this property stands out as a unique offering in the market. Don't miss the opportunity to explore this exceptional townhouse for sale in Toronto and envision the possibilities it holds for you.

North Riverdale is a charming neighbourhood nestled in the eastern part of Toronto, characterised by its picturesque tree-lined streets and a vibrant mix of historic and contemporary homes. Bordered by the Don River and the scenic Riverdale Park, the area offers ample green spaces for outdoor activities and leisurely strolls. Residents enjoy a strong sense of local identity, with an array of independent shops, cafes, and restaurants that contribute to its lively atmosphere. The community is well-connected to the rest of the city via public transport, making it an ideal choice for those seeking a balance of urban convenience and suburban tranquility. With its welcoming vibe and rich cultural diversity, North Riverdale is a delightful place to call home.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it a great choice for families. Within a short distance, you'll find Frankland Community School, an English-language public elementary school rated 7.7, just 0.5 km away, and Holy Name Catholic School, another elementary institution, located only 0.3 km from the property, with a rating of 7.3. For older students, Earl Grey Senior Public School, which serves grades 7 to 8, is also conveniently located 0.3 km away, although it currently has a rating of 0. Monarch Park Collegiate Institute, a secondary school rated 8.3, is 1.7 km from the property, providing excellent educational opportunities for high school students. Additionally, Earl Haig Public School, which offers French-language instruction for grades JK to 8, is located 1.9 km away with a rating of 6.8. Lastly, St. Patrick Catholic Secondary School, rated 6.9, is 1.3 km away, catering to students in grades 9 to 12. With a mix of public and Catholic schools nearby, this location offers diverse educational options 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 495 residents. The average household consists of 2.3 individuals, with a median age of 43.8 years. The area's economic landscape is robust, highlighted by an impressive average household income of $180,000, with only 6% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $1,500,000. Socially, the community is diverse, with 30.93% of residents being immigrants and 42.35% identifying as single. Families are prevalent, as 46.43% of households include children. The educational attainment is high, with 70.24% of residents holding a college or university degree. The rental market comprises 27.27% of households, and condos make up 18.18% of the housing stock. However, a significant portion of the population, 30.95%, is not participating in the labor force, indicating potential opportunities for community engagement and development. Overall, this area presents a blend of affluence, diversity, and family-oriented living, making it an attractive location for prospective homeowners.