930 Dundas Street E

Introducing a remarkable opportunity to acquire a townhouse for sale in Toronto , specifically located at 930 Dundas Street E, Toronto. This exceptional property is a City of Toronto-licensed rooming house, presenting an impressive 11 bedrooms and 6 bathrooms, making it an ideal investment for those seeking strong income potential. The townhouse boasts a distinctive 2 1/2 storey design, constructed from durable brick, and is situated in the vibrant community of South Riverdale.

The property features a total of 11 rooms, including three additional rooms that can serve various purposes, providing flexibility to suit your needs. With one main kitchen and an additional kitchen, this townhouse for sale in Toronto is designed to accommodate practical living arrangements. Each room offers privacy, while the shared kitchens and bathrooms foster a sense of community among residents. The layout is particularly advantageous for those looking to maximise rental income, with a pro forma cap rate of approximately 5.8% if fully rented at $720 per room. It is important to note that the current income is lower due to some vacancies, presenting an opportunity for the new owner to enhance profitability.

Situated at 930 Dundas Street E, Toronto, this townhouse is less than 15 minutes by transit to downtown Toronto, making it an excellent choice for those who wish to enjoy the conveniences of city living. The property is conveniently located near a plethora of amenities, including shopping centres, schools, hospitals, parks, and major transit routes, ensuring that residents have easy access to everything they need. The community of South Riverdale is known for its vibrant atmosphere and strong sense of belonging, further enhancing the appeal of this townhouse for sale in Toronto.

The townhouse is equipped with window unit air conditioning, ensuring comfort during the warmer months. While there is no central vacuum system or fireplace, the property is finished with a separate entrance leading to a walk-out basement, which adds to its functionality. The absence of a pool and garage space is offset by the private driveway, providing ample parking for residents and guests alike. The lot measures 18 x 96 feet, offering a manageable outdoor space without the burden of additional land.

As an unfurnished property, the townhouse allows new owners the freedom to personalise the space to their liking. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services, ensuring a hassle-free living experience.

This townhouse for sale in Toronto at 930 Dundas Street E, Toronto, is a rare find in the current market. With its strong income potential and prime location, it is an investment opportunity not to be missed. The price is firm, and there is no vendor take back, making this a straightforward purchase for serious buyers.

South Riverdale, nestled in the vibrant city of Toronto, is a charming and eclectic neighbourhood that seamlessly blends urban convenience with a strong sense of local identity. Bordered by the picturesque Don River and the bustling streets of Leslieville, it boasts a rich tapestry of historic homes, trendy cafes, and independent boutiques. The area is known for its diverse population and lively arts scene, with numerous parks and green spaces providing a welcome respite from city life. Excellent public transport links make it easy to explore the wider city, while the community's friendly atmosphere and strong local spirit create an inviting environment for newcomers. Whether you're seeking a bustling social scene or a quiet retreat, South Riverdale offers a unique and appealing lifestyle.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it an excellent choice for families. The closest option is Dundas Junior Public School, just 0.1 km away, catering to grades JK to 5. For middle school students, Queen Alexandra Middle School is a mere 0.2 km from the property, serving grades 6 to 8. High school students can attend Jarvis Collegiate Institute, located 2.3 km away, which boasts a commendable school rating of 5.9. Additionally, Duke of Connaught Junior and Senior Public School offers a French language program for grades JK to 8 and is 2.2 km from the property, with a solid rating of 5.8. For those seeking Catholic education, St. Paul Catholic School, 1.3 km away, has an impressive rating of 8.7 for grades JK to 8, while Holy Name Catholic School, 1.6 km away, offers a French program for younger students. St. Patrick Catholic Secondary School, 2.4 km from the property, serves grades 9 to 12 and has a rating of 6.9. Overall, the area provides a diverse selection of schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 509 residents, with an average household size of 2.3. The demographic profile indicates a mature community, with an average age of 41.6 years. Economic indicators show a robust average household income of $139,000, although 13.2% of the population is classified as low-income. The real estate market reflects high property values, with an average price of $1,180,000. Socially, the community is diverse, with 32.04% of residents being immigrants, and 44.44% of the population identifying as single. Families are also present, with 31.03% of households containing children. The rental market is notable, with 30.43% of residents renting their homes, while condominiums represent a small portion at 4.35%. Educational attainment is high, with 64.21% of residents holding a college or university degree. However, 22.11% of the population is not in the labor force, indicating a mix of working and non-working individuals. Overall, this area presents a blend of affluence, diversity, and educational achievement, making it an attractive location for potential homeowners and investors.