70 Allen Avenue

Welcome to this exceptional opportunity to acquire a house for sale in Toronto , located at 70 Allen Avenue, Toronto. This detached bungalow is situated in the highly sought-after South Riverdale community, making it a prime location for both end users and savvy investors alike. With its proximity to Dundas and Broadview, this property is perfectly positioned for those who appreciate the vibrant lifestyle that downtown Toronto has to offer.

The property boasts a generous lot size of 30 feet by 75 feet, providing ample space for your future plans. This house for sale in Toronto comes with building permits ready and detailed drawings that showcase the potential for a stunning residence. The proposed plans include a remarkable 9-foot ceiling on the main floor, with 8.5-foot ceilings on the second and third floors, and an 8-foot ceiling in the basement. This thoughtful design ensures a spacious and airy feel throughout the home, perfect for modern living.

As you explore the possibilities of this house for sale in Toronto, you will find that the zoning regulations allow for the potential conversion into a multiplex of up to six units, a fantastic opportunity for those looking to invest in rental properties or create a multi-generational home. The flexibility of this property is truly a standout feature, making it an attractive option for both residential and investment purposes.

While the current structure is not livable and is being sold "as is, where is," the possibilities are endless for the right buyer. The location at 70 Allen Avenue, Toronto, is ideal for those who value convenience, as it is just steps away from public transit and a variety of shopping options. The vibrant community of South Riverdale offers an array of amenities, including parks, restaurants, and cultural attractions, ensuring that you will never be far from the action.

It's important to note that this house for sale in Toronto does not currently include any bedrooms or bathrooms, and there is no kitchen or family room as part of the existing layout. The property is unfurnished, allowing you the freedom to design and create your dream home from the ground up. Additionally, there is no central vacuum system, air conditioning, or fireplace, but these features can be added as part of your renovation plans.

The exterior of the property is composed of durable brick and stone, providing a solid foundation for your future home. The absence of a garage or driveway means that you will need to consider alternative parking arrangements, but the prime location offers plenty of options for public transport and local amenities.

In summary, this house for sale in Toronto at 70 Allen Avenue, Toronto, presents an incredible opportunity for those looking to invest in a high-demand area. With its potential for redevelopment and the ability to create a bespoke living space, this property is perfect for both end users and investors. The surrounding community of South Riverdale is thriving, and with easy access to public transit and shopping, you will find everything you need right at your doorstep.

Don't miss out on this chance to turn your vision into reality. Explore the possibilities of this house for sale in Toronto and take the first step towards creating your dream home or investment property. With the right vision and creativity, 70 Allen Avenue, Toronto, could be transformed into something truly special.

South Riverdale, located in the vibrant city of Toronto, is a dynamic neighbourhood that seamlessly blends urban convenience with a strong sense of local character. Nestled along the scenic banks of the Don River, this area boasts an eclectic mix of historic homes, modern developments, and lush green spaces, making it an appealing choice for those seeking a balance between city life and nature. With a diverse array of shops, cafes, and restaurants, South Riverdale offers a lively atmosphere, while its excellent public transport links ensure easy access to the bustling downtown core. The community is also known for its artistic flair, with numerous galleries and cultural events that celebrate the creativity of its residents. Whether you're enjoying a leisurely stroll along the waterfront or exploring the vibrant streets, South Riverdale invites you to become part of its unique tapestry.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest schools include Dundas Junior Public School and Queen Alexandra Middle School, both part of the Toronto District School Board, offering a public education in English for grades JK to 8, just 0.2 km and 0.3 km away, respectively. For higher grades, Jarvis Collegiate Institute (grades 9 to 12) is located 2.3 km away and has a respectable school rating of 5.9. Additionally, Duke of Connaught Junior and Senior Public School, offering a French curriculum for JK to 8, is 2.2 km away with a rating of 5.8. Catholic education options include St. Paul Catholic School, only 1.4 km away with an impressive rating of 8.7, and Holy Name Catholic School, which offers French instruction for younger students and is 1.5 km away with a rating of 7.3. St. Patrick Catholic Secondary School is available for older students at a distance of 2.4 km and has a rating of 6.9. Overall, the area boasts a diverse range of quality schools, ensuring excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 828 residents, with an average household size of 2.8 individuals. The demographic profile reveals an average age of 43.6 years, indicating a mature community. The average household income is currently reported as $0, with 6.4% of the population classified as low-income. The housing market shows an average property price of $1,320,000, reflecting a potentially affluent neighborhood. Notably, 45.21% of the population is single, while 45.65% of households include children, suggesting a family-friendly environment. Immigrants make up 28% of the community, contributing to its diversity. Additionally, 39.13% of residents are renters, indicating a mix of ownership and rental properties, although there are no condominiums in the area. A significant portion of the population, 69.77%, holds a college or university education, highlighting the area's educational attainment. However, 30.23% of the population is not in the labor force, which may reflect various factors such as retirement or other personal circumstances. Overall, this demographic snapshot illustrates a diverse and educated community with a blend of families and individuals.