8 Nineteenth Street

Nestled in the heart of New Toronto, at 8 Nineteenth Street, Etobicoke, this impressive Multi-Family Home for sale in Etobicoke offers an exceptional investment opportunity. This meticulously maintained multiplex, spanning 2,655 square feet, is designed to cater to the high demand for rental properties in the area. With its strategic location just a stone's throw from Humber College, this property is poised to attract a steady stream of tenants, ensuring reliable cash flow and significant appreciation potential.

The building itself is a charming 2 1/2 storey structure, featuring a classic brick exterior that adds to its curb appeal. This Multi-Family Home for sale in Etobicoke comprises four bedrooms, a den, and three bathrooms, making it an ideal choice for families or groups of tenants. The property includes two well-appointed kitchens, allowing for the convenience of self-contained living spaces. Each of the ten total rooms, along with four additional rooms, provides ample space for comfortable living.

As you explore the interior of this property, you will find that it is unfurnished, allowing prospective tenants or owners to personalise their living spaces to their taste. The family room is a welcoming feature, perfect for gatherings or relaxation. Although the home does not include a fireplace, the radiant heating system ensures warmth and comfort during the colder months. Additionally, window air conditioning units are installed, providing a cool retreat during the summer heat.

The property's layout is particularly advantageous, with a basement apartment that adds further value to this Multi-Family Home for sale in Etobicoke. This additional living space can be utilised for rental income or as a private area for owners. The building's age, between 31 to 50 years, reflects a well-established structure that has been carefully maintained over the years.

One of the key features of this property is its parking arrangements. With a detached garage that accommodates two vehicles and a mutual, private driveway offering space for three additional cars, parking is never a concern for tenants or guests. The lot measures an impressive 30 x 119 feet, providing ample outdoor space, though it is important to note that there is no pool on the premises.

The location of 8 Nineteenth Street, Etobicoke, is another significant advantage. Residents will enjoy unparalleled walkability, with a plethora of restaurants, shopping options, and medical services all within a 3 to 5-minute stroll. Furthermore, Humber College is just a short 5 to 10-minute walk away, ensuring that the property remains in high demand among students and faculty alike. The presence of municipal water and sewer services adds to the convenience of living in this vibrant community.

While the property does not feature a central vacuum system, it is equipped with internet access, ensuring that tenants can stay connected. The absence of additional land may be seen as a limitation, but the potential for constructing a Lane Way or Garden Suite presents a lucrative opportunity for future development. This could significantly enhance rental income and property value, making this Multi-Family Home for sale in Etobicoke a wise investment choice.

In summary, 8 Nineteenth Street, Etobicoke, represents a remarkable opportunity for investors seeking a reliable income-generating property in a sought-after location. With its spacious layout, strategic positioning near key amenities, and the potential for future development, this Multi-Family Home for sale in Etobicoke is a standout option in Toronto's competitive rental market. Don't miss your chance to acquire this exceptional property and secure your financial future.

New Toronto, nestled within the vibrant borough of Etobicoke, offers a unique blend of suburban charm and urban convenience. This lakeside neighbourhood boasts picturesque views of Lake Ontario, with ample parks and recreational spaces that invite outdoor activities and leisurely strolls along the waterfront. The area is well-served by public transport, making it easy to access downtown Toronto while maintaining a peaceful, close-knit atmosphere. With a diverse array of shops, cafes, and local eateries, New Toronto provides a welcoming environment for residents, all while being steeped in a rich history that adds character to its streets. Whether you’re drawn to the scenic beauty or the sense of community, New Toronto presents an appealing option for those seeking a balanced lifestyle.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, catering to families with children of all ages. The closest school, Twentieth Street Junior School, is just 0.1 km away and offers a public elementary education for grades JK to 5. Additionally, The Holy Trinity Catholic School, located only 0.2 km from the property, provides a Catholic education for grades JK to 8, boasting a commendable school rating of 7.4. For middle school options, the James S Bell Junior Middle Sports and Wellness Academy is 1.0 km away and serves grades JK to 8 with a solid rating of 5.6. Lakeshore Collegiate Institute, a secondary school for grades 9 to 12, is conveniently located 0.4 km from the property. Families seeking a French language option can consider Second Street Junior Middle School, located 1.6 km away, which offers grades JK to 8. Lastly, Father John Redmond Catholic Secondary School, also 0.4 km away, provides a Catholic secondary education with a strong rating of 8. Overall, this area is rich in educational opportunities, making it an attractive choice for families.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 411 residents, with an average household size of 2.4 individuals. The demographic profile indicates a mature community, with an average age of 43 years. The average household income stands at $89,000, reflecting a relatively affluent neighborhood, although 16% of the population is classified as low-income. The real estate market shows an average property price of $920,000, indicating a competitive housing landscape. The community is diverse, with 37.97% of residents being immigrants and a significant portion (51.35%) identifying as single. Families are also present, as 36.36% of households include children. Renters comprise 39.39% of the population, while there are no condominiums reported in the area. Education levels are high, with nearly half (49.3%) of residents holding a college or university degree. However, a notable 35.21% of the population is not in the labor force, which may influence local economic dynamics. Overall, this community presents a blend of diversity, education, and economic variability, making it an intriguing option for potential homeowners and investors alike.