889 Avenue Road

Nestled in the heart of the bustling Yonge-Eglinton community, this exceptional Multi-Family Home for sale in Toronto is a true gem that offers a wealth of opportunities for both investors and those looking to settle in a prime location. Situated at 889 Avenue Road, Toronto, this magnificent three-storey multiplex boasts a generous 4,412 square feet of living space, making it an ideal choice for families or those seeking rental income.

As you approach the property at 889 Avenue Road, Toronto, you'll be captivated by its stunning brick and stucco exterior, which exudes charm and character. The building features six spacious bedrooms and a remarkable eight bathrooms, ensuring ample accommodation for residents. The three kitchens—one of which is an additional kitchen—are perfect for catering to the needs of multiple families or tenants, making this Multi-Family Home for sale in Toronto a versatile investment.

Inside, the property showcases a blend of traditional elegance and modern comfort. The first floor features a well-appointed three-bedroom apartment, complete with two bathrooms and two inviting living rooms, all with a separate entrance for added privacy. The second floor mirrors this layout with a two-bedroom apartment, also boasting two bathrooms and two living rooms, each offering over 1,000 square feet of space. The third floor houses a charming one-bedroom apartment, complete with a bathroom, kitchen, and living room—ideal for a private retreat.

The finished basement adds further value to this Multi-Family Home for sale in Toronto, featuring three additional bedrooms, each with its own separate bathroom. This layout not only maximises rental potential but also provides a comfortable living space for larger families or groups. The property is in good condition, with a recent inspection report available, ensuring peace of mind for prospective buyers.

The location of 889 Avenue Road, Toronto, is nothing short of exceptional. Just steps away from the new Eglinton Crosstown LRT and the Yonge-Eglinton TTC subway, residents will enjoy unparalleled convenience when it comes to commuting and exploring the vibrant local scene. The area is teeming with an array of restaurants, banks, grocery stores, and community centres, making it an attractive choice for tenants and future residents alike.

For those who appreciate the outdoors, while this Multi-Family Home for sale in Toronto does not feature a pool, the surrounding community offers plenty of green spaces and parks for leisurely strolls and outdoor activities. Additionally, the property includes a detached garage with space for two vehicles and ample parking for up to four cars, ensuring that residents and guests alike have convenient access.

The interior of the home is adorned with beautiful hardwood and granite flooring on the main level, complemented by designer finishes in the kitchens. The bathrooms have been newly renovated, adding a touch of modern luxury to this classic property. With central air conditioning for those hot summer days and a cosy fireplace for winter evenings, this home is designed for year-round comfort.

In summary, 889 Avenue Road, Toronto, presents an outstanding opportunity to acquire a Multi-Family Home for sale in Toronto that combines prime location, ample living space, and strong rental potential. Whether you're an investor looking to capitalise on the steady cash flow or a family seeking a spacious home with room for everyone, this property ticks all the boxes. Don’t miss your chance to explore this beautiful house, perfect for large families and rental income alike! Come and see for yourself the possibilities that await at 889 Avenue Road, Toronto.

Yonge-Eglinton, often referred to as "Yonge and Eglinton," is a vibrant and bustling neighbourhood in Toronto that serves as a key intersection of urban life. Known for its mix of residential, commercial, and recreational spaces, this area boasts a diverse array of shops, restaurants, and cafes, making it a lively hub for both locals and visitors. The community is well-connected by public transport, with the Eglinton subway station providing easy access to the rest of the city. With its blend of modern high-rise buildings and charming streetscapes, Yonge-Eglinton offers a dynamic urban lifestyle, complemented by parks and green spaces that provide a welcome retreat from the city's hustle and bustle. It's an ideal location for those seeking the convenience of city living while enjoying a strong sense of community.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. The closest is Oriole Park Junior Public School, just 0.3 km away, which offers grades JK to 5 and has a solid school rating of 8.2. Forest Hill Junior and Senior Public School, located 0.8 km away, serves grades JK to 8 and has a rating of 7.3. For secondary education, Forest Hill Collegiate Institute is 1.2 km from the property, although it currently has no rating available. Additionally, there are French-language options like John Fisher Junior Public School (1.5 km) and Humewood Community School (2.3 km), which cater to grades SK to 8 and JK to 8, respectively. Catholic education is also accessible, with St. Monica Catholic School (1.3 km) and Holy Rosary Catholic School (1.8 km) providing quality options for younger students. Overall, the area boasts a diverse selection of educational institutions, ensuring that children have access to quality education within a short distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 697 residents, with an average household size of 2.1. The demographic profile reveals an average age of 43.6 years, indicating a mature community. The average household income is notably high at $152,000, with only 10% of the population classified as low-income. The average property price in the area is $2,240,000, reflecting the affluent nature of the neighborhood. A significant portion of the population, 52.03%, is single, while 35.9% of households have children, suggesting a mix of family structures. The area is home to 13.79% immigrants, contributing to its diversity. Renters make up a substantial 68.75% of the housing market, with no condos available, indicating a preference for other types of housing. Education levels are impressive, with 72.58% of residents holding college or university degrees. However, a notable 34.68% of the population is not in the labor force, which may reflect retirement or other factors. Overall, this community presents a blend of affluence, diversity, and educational attainment, making it an attractive location for potential buyers or investors.