87 Steeles Avenue E

Nestled in the vibrant community of Newtonbrook East, this charming bungalow at 87 Steeles Avenue E, North York, presents a remarkable opportunity for both investors and developers alike. With its prime location just steps away from the bustling Yonge Street and within the North Yonge Secondary Plan, this house for sale in North York offers significant potential for future mid- to high-rise development—subject to verification with the City.

As you approach the property, you'll be greeted by a delightful exterior of brick and stone, which adds a touch of elegance to this detached house. The lot measures an impressive 55 feet in frontage and 122 feet in depth, providing ample space for various possibilities. Although there is no pool on the premises, the expansive outdoor area allows for creative landscaping or outdoor living spaces that could enhance the property's appeal.

Inside, the house features three well-appointed bedrooms, making it perfect for families or those looking for extra space. Additionally, there are three separate den areas, which could serve as home offices, study spaces, or even guest rooms. With a total of five rooms, this house for sale in North York is designed to accommodate a variety of lifestyles. The main kitchen is well-equipped, and there are three additional kitchens in the basement, making it an ideal setup for multi-residential living. The potential for generating income is significant, with the basement housing three separate units that could yield an impressive monthly income of approximately £3,000.

The property boasts five bathrooms, ensuring that there is no shortage of facilities for residents and guests alike. The presence of a fireplace adds a cosy touch to the living space, perfect for those chilly winter evenings. Central air conditioning ensures comfort throughout the warmer months, while the forced air heating system provides warmth during the colder seasons. Although the house is unfurnished, it presents a blank canvas for potential buyers to personalise according to their tastes and preferences.

One of the standout features of this house for sale in North York is its strategic location. The property is conveniently situated near the TTC and subway, making commuting a breeze. Families will appreciate the proximity to top-rated schools, ensuring that educational opportunities are readily accessible. For those who enjoy shopping and dining, Centrepoint Mall, along with a variety of restaurants and parks, are just a stone's throw away, enhancing the overall appeal of this location.

While the house does not come with a garage, it does feature a private driveway that can accommodate up to eight parking spaces. This is particularly advantageous in a bustling area like North York, where parking can often be a challenge. The separate entrance to the basement apartment further adds to the property's versatility, allowing for independent living arrangements if desired.

In summary, 87 Steeles Avenue E, North York, is not just a house; it is a prime investment opportunity that combines comfort, convenience, and potential for growth. With its three bedrooms, multiple kitchens, and impressive income-generating capabilities, this house for sale in North York is a must-see for anyone looking to invest in a property that promises both immediate benefits and future possibilities. Don’t miss out on the chance to explore this exceptional offering in one of the most sought-after areas of Toronto. Whether you're an investor seeking a lucrative venture or a developer looking for your next project, this house for sale in North York is sure to capture your interest.

Newtonbrook East, nestled in the vibrant city of North York, is a charming suburban enclave that offers a delightful blend of residential comfort and accessibility. This community is characterised by its tree-lined streets, a mix of single-family homes and low-rise apartments, and a welcoming atmosphere that makes it ideal for families and professionals alike. With convenient access to public transport, including the nearby subway, residents can easily explore the wider Toronto area. The neighbourhood boasts a variety of local amenities, including parks, schools, and shopping centres, ensuring that all your daily needs are within reach. Whether you're enjoying a leisurely stroll in one of the local parks or dining at a nearby café, Newtonbrook East provides a serene yet connected lifestyle that many find appealing.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various needs for families with children. The closest school is Lillian Public School, just 0.3 km away, offering elementary education in English for grades JK to 5. Slightly further, at 0.7 km, is Henderson Avenue Public School, also an elementary school, which has a commendable rating of 7.5 and serves grades JK to 8. For secondary education, Newtonbrook Secondary School is located 1.2 km away, with a rating of 6.2, while Thornlea Secondary School, rated 9, is a bit further at 3.5 km. Families seeking a Catholic education can consider St. Agnes Catholic School and Brebeuf College, both within 0.9 km, offering grades JK to 8 and 9 to 12, respectively. Additionally, St. Cyril Catholic School, which provides French education for grades JK to 8, is 2.5 km away. Overall, the area boasts a diverse range of public and Catholic schools, ensuring quality education options for children of all ages within a short distance from the property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 440 residents, with an average household size of 2.9 individuals. The demographic profile reveals an average age of 46.7 years and a robust average household income of $110,000. Notably, 15.2% of the population falls under the low-income category. The average property price in the area is approximately $1,760,000, indicating a high-value real estate market. The community is characterized by a diverse social structure, with 39.24% of residents being single and 44.44% living in households with children. A significant portion of the population, 61.54%, are immigrants, contributing to the area's cultural richness. Renters make up 25.81% of the population, while there are no condominiums available in the vicinity. Education levels are high, with 58.75% of residents holding a college or university degree. However, it is worth noting that 45% of the population is not in the labor force, which may impact the local economy. Overall, this demographic snapshot highlights a well-educated, diverse community with a mix of families and individuals, set in a high-value real estate environment.