Yes To This Detached Opportunity With Income At Main And Danforthoffered at $719,000
Within these charming walls exists the potential for various lifestyle configurations depending on your needs as a homeowner. Do you covet space? Are you looking to generate income? Perhaps both? This malleable home is easily modified to suit its occupants, and as such, represents a world of opportunity!
Welcome to 24 Barrington Avenue!
Situated just north of The Danforth, one block east of Main Street, this home is replete with nearby amenities; lucky residents enjoy options for food, drink, and proximity to public transportation. For those who commute by public transit, the Main Street subway station is literally next door, and The Danforth GO Station is situated steps away just south of Danforth Avenue off Main Street! The area is dotted with numerous family-run businesses, lending a personal appeal to the community commerce. Unique boutiques and specialty food retailers are meshed in with some conveniently located stores like Danforth Market, Sobeys Danforth, Shopper’s Drug Mart and Canadian Tire, meaning that you don’t have to go far to get what you need in a pinch!
Raring for recreation? The nearby Main Square Community Centre is multi-level facility that houses a 25-metre pool, two multipurpose areas, a kitchen, and a small weight room with lockers, showers, and change rooms. They host a wide range of programming for all ages!
The Danforth is great for young families, because of the abundance of activities right at their doorstep (welcome news to any parent that has had to field the dreaded “I’m bored” on a Saturday afternoon). Coleman Park – a 5-hectare park boasting two tennis courts, a wading pool, ping pong table, splash pad, and playground is directly across the street, kitty corner to 24 Barrington Avenue – how awesome is that? Plus there’s another playground at nearby Stanley G. Grizzle Park, which was renamed in 2007 for a notable human rights campaigner, nearby Stephenson Park is perfect for playdates or quiet morning outings with coffee clutched in parental hands, and only a few blocks west is beloved East Lynn Park which has outdoor skating, ample green space as well as an organic outdoor Farmer’s market during growing season. Plus we’re adoring fans of the annual Danforth East Arts Fair! With so much outdoor recreation, you have multiple extensions of your own backyard!!
And when kids aren’t busy playing road hockey or hopscotch, they’ll take advantage of conveniently close, reputable schools like Secord Elementary School, DA Morrison Middle School, East York Collegiate and Danforth Collegiate Technical Institute.
Nestled on a 24.75 x 139 foot lot with a detached 2car garage accessed via the rear laneway (the owners park a third car on the pad in front of the garage), this neat and tidy residence retains a lot of the original character details with plenty of essential updates. Featuring lovely curb appeal with a mature perennial front garden and an expansive front porch, this delightful home was utilized for several years prior to its current ownership as a three-unit dwelling.
This residence offers a Buyer a multitude of uses. Being sold as a single-family dwelling, this house is well-suited to a large multi-generational family who require lots of space. With four bedrooms on the upper level, and two bedrooms on the lower, plus three full washrooms, there’s ample room for your laughing barking brood. It’s an equally-amazing opportunity for the buyer who seeks an income supplement – with the space currently configured as two suites – one being the Main/Lower 2bed/2bath Owner’s Suite – and the Upper being a 3bed/1bath+kitchen Student Rental. Seeking a 3 unit investment property? The Main/Lower Suite could be split into two units, with the lower level having its own separate entrance. The existing lower level laundry room was once a kitchen, creating the opportunity to be a 2bed+kitchen non-conforming suite.
From the welcoming foyer, the main level consists of a well-proportioned living room, formal dining room and stylish kitchen with walk-out to covered terrace. Freshly painted, featuring bamboo flooring and a handsome electric fireplace set within custom built-in cabinetry with tons of storage, we love the abundance of character in this home, including the classic hardware and pocket doors. The upgraded chef’s kitchen boasts stainless steel appliances, plenty of counter space, a built-in bottom freezer refrigerator with surrounding custom cabinetry for even more storage and easy-peasy access to the microwave. The renovated 3-piece washroom with luxe spa shower off the hallway offers enormous utility. And the generous lush garden with privacy fence offers plenty of secure outdoor space! How family-friendly is that?
On the second level, the rear former fourth bedroom is currently an upgraded kitchen for the tenants who occupy each of the three bedrooms: each have closets, generous dimensions and wood flooring. A four-piece washroom with tub and shower serves this level. This suite is currently rented on a month-to-month basis for $1085 inclusive. The tenants, who are delighted to call this home, welcome staying, though please note the Seller is open to serving notice to the tenants for vacant possession should the Buyer require the space for their personal use.
The lower level – which is currently combined with the Main Level and occupied by the Seller – has its own entrance conveniently situated on the south laneway. Freshly painted and featuring newly laid broadloom throughout – the two bedrooms share a washroom with tub and shower. The laundry area, with cabinetry and sink in place, offers plenty of space for additional storage or alternatively, it could easily be converted back to a kitchenette.
We love the recently rebuilt covered deck, the mature lawn and plantings, and the 2car detached garage with laneway access. The garage is a great opportunity for additional storage or a work shop, and the owner currently uses the parking pad in front of the garage doors to park a third vehicle. How fantastic is that?!
Offering enormous versatility this dwelling is well-suited to a large family, the Buyer seeking an income supplement to offset your mortgage, or as an intelligent in-demand 3-unit investment property. For the discriminating buyer who covets character and charm, but also values convenient amenities just steps away that will improve your quality of life, 24 Barrington Avenue is a perfect choice. Does it get any better than this?
Have questions? Contact James@urbaneer.com for more information!