$999,000

For sale

44 Connaught Avenue, Toronto (Newtonbrook West) - Single Family for Sale

44 Connaught Avenue, Toronto (Newtonbrook West), Ontario, M2M1G6

3 beds2 baths3 parking900 ft²25 × 132 ft (3,300 sq ft) lot sizeListed 16 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 56 days.

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Description

Exceptional investment opportunity in one of North York's most high-demand transit corridors. Located just steps from Yonge Street and Finch Subway Station, 44 Connaught Avenue offers outstanding potential for savvy investors, builders, and developers.Situated on a prime lot within a rapidly evolving neighbourhood, this property presents significant upside under Toronto's expanded multiplex zoning bylaws (duplex, triplex, fourplex, or garden suite development potential). Ideal for substantial rental income, custom redevelopment, or holding for long-term appreciation in a world-class transit-oriented hub.Unbeatable location with immediate walking access to TTC Subway, GO Transit, vibrant Yonge Street dining, shopping, top-ranked schools, and major highway connections (Hwy 401/404). A rare development opportunity in prime North York. Buyer and buyer's agent to verify all zoning, permits, and development permissions. (id:66096)

Property Details

MLS®: C14096348
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 25 × 132 ft (3,300 sq ft)
Frontage: 25 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $5,369/yr

Features

Appliances: Washer, Refrigerator, Water purifier, Stove, Dryer, Microwave, Window Coverings
Foundation: Block
Exterior: Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Newtonbrook West) listings, avg age

56d

Price / ft²

$1,110

List price

$999K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Newtonbrook West) has been listed for 16 days, which is 40 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · PARSA SALIMI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $999,000, about 12.3× the local median household income of $81,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 141% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$999,000· $1,110/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$447/mo

Total monthly$5,571

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$32,910

Est. closing costs$5,497

Total cash needed$113,307

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