SUPER RARE features and layouts. No similar comparables. Big Rental Income. 6 Bedroom, 4 Kitchen, 4 Bath. Has 2 separate driveways, 2 laundry hook-ups, 2 separate entrances, 200 amp breaker + EV Charge. Gorgeous curb appeal. Extensive remodeling of whole property - $400k plus worth. Rear parking good for up to 6 cars or large boat, RV camping trailer, contractor's machinery, truck, or even a bus, and still have front driveway for 4 more vehicle parking while living near Yonge St! Basement: 3 self-contained individual suites each with OWN washroom, kitchen, appliances, ventilation & 24hr separate entrance with rental income approx.; $1900, $1500, $1400 per month. Upstairs: 3 bedroom and garage with Level 2 EV charging and patio use, approx. rent $3500 - $4000 plus 50% utilities. Whole house potential $9000 gross. Whole house all utilities (gas, electricity, water & garbage fee) past monthly cost $400-$500. Further, City of Toronto permits to build up to fourplexes. Corner lot offers more potential than interior lot. Highly unlikely to find another comparable property in North York. Extensive interior remodel in 2017 including new ext. doors & garage door, A/C, furnace, hot water tank, new furnace room, kitchens, bathrooms & 200amp panel, entire duct system, extensive elec. wiring, water pipes, too many to list. New rear asphalt driveway with permit in 2018, highly unlikely to get permit now. Extensive exterior landscape remodel in 2024 including new interlock front driveway, walk path, rear patio, PVC fence, pergola, deck, porch, railing, garage epoxy floor & EV charge, trees, grass. Approx $300k upgrade inside, $100k outside including new rear driveway. Fully rented out from 2018 --2024. Exclusively listed for $2.3M in past. Great opportunity to upgrade from condo, townhome, or first time buy. Turn key operation- rent long/short term. Seller can offer know-how consultation in maintaining and renting.
Address
305 Connaught Avenue
List Price
$1,880,000
MLS® Status
Price Change
Expiration Date
2026-02-10
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Toronto C07
Sub-Area
Newtonbrook West
Region
Toronto
Bedrooms
3 + 3
Bedrooms (Total)
6
Rooms Above Grade
6
Rooms Below Grade
5
Bathrooms
4
Floor Area
1100-1500 Sq. Ft.
Lot Depth
132.42
Lot Size Units
Feet
Lot Width
50
Occupant Type
Vacant
Cross Street
Corner of Connaught Ave & Cactus Ave
MLS® Number
C12545124
Listing Brokerage
CENTURY 21 HERITAGE GROUP LTD.
Basement Area
Separate Entrance, Full
Postal Code
M2R 2M1
Posession Details
TBA
Parking
Front Yard Parking, Private
Parking Places (Total)
11
Parking Spaces
10
Tax Amount
$6,688.75
Tax Year
2025
Site Influences
Landscaped, Patio
Exterior Features
Patio, Landscaped
Interior Features
Carpet Free, In-Law Capability, In-Law Suite
Central Vacuum
No
Family Room
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
Yes
Fireplace Features
Wood
Foundation Details
Unknown
Garage
Yes
Garage Type
Attached
Covered Spaces
1
Kitchens Total
4
Kitchens Above Grade
1
Kitchens Below Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 476 PL 1880 TWP OF YORK; TORONTO (N YORK), CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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