305 Connaught Avenue, Toronto C07, ON M2R 2M1

SUPER RARE and unique design/layout. No similar comparables. Purpose built, on corner lot. Gorgeous curb appeal. Extensive remodeling of whole property. Have 2 driveways, 2 laundry hook-ups, 2 separate entrances, 200 amp breaker. Rear parking good for 6 cars or large boat, camping trailer, RV, contractors machinery, truck and even a bus up to 50ft long, and still have front driveway for 4 vehicle parking whilst living in the city! Basement: 3 self-contained individual suites each with washroom, kitchen, appliances, ventilation & 24hr separate entrance access with rental income approx.; $2000, $1500, $1400 per month. Upstairs: 3 bedroom and garage with Level 2 EV charging and patio use, minimum rent $3500 – $4000 plus 50% utilities. Whole house $9000+. Whole house all utilities (gas, electricity, water & garbage fee) past monthly cost $400-$500. Further, City of Toronto permits up to fourplexes, a higher density development potential. Corner lot allows more flexibility than interior lot. Bus stop across street, amazing! Highly unlikely to find another comparable property in North York. Extensive interior remodeling during 2017 includes all new below grade sewer drains, ext. doors & garage door, A/C, furnace, hot water tank, entire furnace room & 200amp panel, entire duct system, elec. wiring, water pipes, too many to list. New rear asphalt driveway & curve cut with permit 2018, very difficult to get now. Extensive exterior landscape remodel 2024 including front driveway, PVC fence, interlock stone throughout, grass, trees, pergola, patio, deck, porch, railing, garage interior with epoxy floor & EV charging. Approx $300k worth upgrade inside, $100k outside including 2 driveways. 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 guidance in maintaining and renting out after purchase for 6 months minimum.

Details

MLS® Number
C12287411

Bedrooms
6

Bathrooms
4