975 Dovercourt Road

Introducing an exceptional opportunity for discerning investors: a remarkable Multi-Family Home for sale in Toronto , located at 975 Dovercourt Road, Toronto. This impressive property is situated in the highly desirable Dovercourt-Wallace Emerson-Junction community, a geographic entity known for its vibrant atmosphere and excellent amenities. This multiplex, with its two-storey brick exterior, is a prime example of modern living combined with investment potential, making it an ideal choice for those looking to expand their portfolio.

This Multi-Family Home for sale in Toronto boasts an astounding 18 bedrooms and 10 bathrooms, catering to a variety of living arrangements and tenant needs. With a total of 49 rooms, including 10 kitchens, this property is designed to accommodate multiple families or groups, providing ample space and privacy. The absence of a den and family room does not detract from the overall appeal; instead, the focus remains on the spacious and functional layouts that enhance tenant satisfaction.

The property, located at 975 Dovercourt Road, Toronto, is constructed with sustainability in mind, adhering to the highest standards of energy efficiency. Built post-2018, it is fully exempt from rent control, offering investors a unique advantage in the current market. The central air conditioning ensures a comfortable living environment, while the heat pump system provides efficient heating. With no basement and no central vacuum system, the property maintains a straightforward design that prioritises functionality.

Parking is not an issue with this Multi-Family Home for sale in Toronto, as it includes two designated parking spaces accessible via a lane driveway. However, it is important to note that there is no garage space available. The property is unfurnished, allowing new owners the flexibility to customise the interiors to suit their vision or tenant preferences. The lack of a pool and fireplace may seem like drawbacks, but they allow for a more streamlined maintenance process, making this property an attractive option for investors seeking hassle-free management.

The location at 975 Dovercourt Road, Toronto, is another significant selling point. The Dovercourt-Wallace Emerson-Junction community is renowned for its accessibility and vibrant lifestyle, making it a sought-after area for renters. The property benefits from municipal water and sewer services, ensuring reliable utilities for all residents. Additionally, internet connectivity is available, catering to the modern tenant's needs and enhancing the property's appeal.

This Multi-Family Home for sale in Toronto is not just a property; it is a rare investment opportunity in a AAA location. With a CAP rate of 2.5%, this asset is priced to reflect its unmatched quality and scarcity, making it a long-hold, wealth-preserving investment. The CMHC-insured MLI Select mortgage with a 50-year amortisation period is already in place, providing enhanced long-term cash flow stability. The current owners are not time-sensitive sellers, and as rent rolls continue to grow, pricing will adjust upward, further increasing the value of this exceptional property.

In summary, 975 Dovercourt Road, Toronto, presents an unparalleled opportunity for investors seeking a Multi-Family Home for sale in Toronto. With its impressive features, sustainable design, and prime location in the Dovercourt-Wallace Emerson-Junction community, this property is a standout choice for those looking to secure a valuable asset in the thriving Toronto real estate market. Don't miss out on this chance to invest in a property that promises both immediate and long-term returns.

Dovercourt-Wallace Emerson-Junction is a vibrant and diverse neighbourhood in Toronto, characterised by its rich tapestry of cultures and a strong sense of local identity. Nestled between the bustling streets of Dovercourt Road and the historic Junction area, this community boasts a mix of charming residential streets, parks, and an array of independent shops and eateries that reflect its multicultural heritage. The area is well-served by public transport, making it easy to access the city centre and beyond. With its blend of urban convenience and community spirit, Dovercourt-Wallace Emerson-Junction offers a welcoming environment for residents seeking a dynamic yet relaxed lifestyle in one of Toronto's most eclectic locales.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Dovercourt Public School, just 0.3 km away, offering grades JK to 8 with a school rating of 6.1. St. Anthony Catholic School, also nearby at 0.5 km, provides a strong elementary education in English, boasting a higher rating of 7.4. For older students, ALPHA II Alternative School is 0.9 km away, catering to grades 7 to 12, although it currently has a lower rating of 0. Rawlinson Community School, located 2.0 km away, offers French instruction for grades JK to 8 with a rating of 5.1. Additional options include Loretto College School (1.4 km) and Marshall McLuhan Catholic Secondary School (4.9 km), both providing quality education for high school students. Overall, the area offers a diverse range of schooling options, including both public and Catholic schools, in various languages of instruction, ensuring that families have access to quality education within a short distance from their new home.