74 Homewood Avenue

Welcome to a truly captivating opportunity with this Multi-Family Home for sale in Toronto , located at 74 Homewood Avenue, Toronto. Nestled in the heart of the charming Cabbagetown-South St. James Town community, this stunning Victorian residence boasts a rich history and a unique blend of character and modern convenience. With its 100+ years of age, this 2 1/2 storey multiplex is not just a house; it’s a piece of Toronto’s architectural heritage.

As you step inside this remarkable property, you’ll be greeted by soaring 10-foot ceilings on the main floor, which create an airy and inviting atmosphere. The hardwood flooring throughout the principal levels adds a touch of elegance, making it perfect for both family living and entertaining. The layout of this Multi-Family Home for sale in Toronto is designed to accommodate a variety of lifestyles, whether you wish to live in it as a single-family home or explore the potential for rental income.

With four spacious bedrooms and two additional den spaces, there’s plenty of room for everyone. The finished basement, featuring a separate entrance, is a fantastic bonus. With its 7-foot ceilings and ceramic floors, it’s an ideal space for a home office, in-law suite, or even tenant access. This flexibility is a rare find in the city, making this property a standout option for savvy investors or multi-generational families.

The main level is anchored by a full kitchen, while a kitchenette on the third floor opens up the possibility for multi-unit living. This Multi-Family Home for sale in Toronto offers a legal duplex zoning, providing you with the option to convert it back to a duplex and maximise your investment potential. The possibilities are endless, and they’re already in motion!

In terms of amenities, this home comes with two bathrooms, making it convenient for larger families or tenants. While there is no central vacuum system or air conditioning, the baseboard heating will keep you warm during those chilly Toronto winters. The property is unfurnished, allowing you to put your personal stamp on it and create the perfect living space.

Step outside, and you’ll discover a private, fenced-in backyard, a rare urban retreat in the bustling downtown core. Under the canopy of mature trees, it’s the perfect spot for summer barbecues or a quiet evening with a good book.

Location is key, and 74 Homewood Avenue, Toronto, is ideally situated just steps away from Toronto Metropolitan University, Allan Gardens, and a variety of local cafes, bookstores, and grocers. With a walk score of 97, a transit score of 88, and a biker's score of 99, you’ll find that urban living has never been more efficient or enjoyable. Whether you’re commuting to work or exploring the vibrant neighbourhood, everything you need is right at your doorstep.

In summary, this Multi-Family Home for sale in Toronto at 74 Homewood Avenue, Toronto, is a rare find that combines timeless architecture with modern flexibility. With its unique features, ample space, and prime location, it’s an opportunity not to be missed. Whether you choose to live in it, rent it out, or reimagine it into something even more extraordinary, this home is brimming with potential. Don’t let this chance slip through your fingers; come and see for yourself what makes this property so special!

Cabbagetown-South St. James Town is a vibrant and eclectic neighbourhood nestled in the heart of Toronto, renowned for its rich history and diverse character. This area boasts charming Victorian homes, many of which have been lovingly restored, alongside modern apartment buildings that cater to a variety of lifestyles. The community is marked by its lush green spaces, including Riverdale Park, which offers stunning views of the city skyline. With an array of local shops, cafes, and restaurants, residents enjoy a lively atmosphere that reflects the multicultural tapestry of Toronto. The neighbourhood is well-connected by public transport, making it easy to explore the broader city while providing a welcoming, close-knit feel that encourages a sense of belonging.

Schools in the Neighbourhood

This property is ideally located near several reputable schools, making it a great choice for families. The closest option is Our Lady of Lourdes Catholic School, just 0.1 km away, offering grades JK to 8 with a solid rating of 5.5. Church Street Junior Public School is also nearby at 0.3 km, providing an English-language curriculum for grades JK to 6, with a rating of 6.4. Winchester Junior and Senior Public School, located 0.4 km from the property, serves grades SK to 8 but currently has no available rating. For older students, Jarvis Collegiate Institute is only 0.2 km away, catering to grades 9 to 12 with a rating of 5.9. Additionally, St. Joseph's College School, a Catholic institution for grades 9 to 12, is 1.1 km from the property and boasts a commendable rating of 7.6. Other nearby schools include Lord Lansdowne Junior Public School and Holy Name Catholic School, which offer a mix of French and English language programs. Overall, this area provides a diverse range of educational options for children of all ages, ensuring a supportive environment for their academic growth.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,194 residents, with an average household size of 1.6 individuals. The demographic profile reveals an average age of 46.1 years and a robust average household income of $98,100. Notably, 10.6% of the population is classified as low-income, while a significant portion, 54.44%, are single individuals. Households with children represent 16.67% of the community. The area is diverse, with 34.8% of its residents being immigrants. Renters make up 42.43% of the population, and the housing market is predominantly composed of condominiums, accounting for 74.69% of available properties, with an average price of $652,000. Educational attainment is high, with 79.64% of residents holding a college or university degree. However, a notable 26.66% of the population is not participating in the labor force. This demographic snapshot indicates a well-educated, predominantly single community with a significant rental market, reflecting both stability and diversity in the local economy.