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44 CONNAUGHT AVENUE, Toronto (Newtonbrook West) — listed at $999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Newtonbrook West) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 3 spaces — Attached Garage, Garage.
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 44 CONNAUGHT AVENUE a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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