

16 Connaught Avenue
Newtonbrook West, Toronto
$1
A rare and prime redevelopment opportunity awaits on prestigious Yonge Street in the highly sought-after Willowdale West community.This exceptional land assembly includes 16 and 12 Connaught Avenue, comprising nearly 1 acre of valuable land just steps from Yonge Street. The site offers outstanding potential for townhomes units residential development, ideal for stacked townhomes, mid-rise condominiums, or affordable rental housing - all eligible for CMHC financing.Perfectly positioned within walking distance to TTC transit, top-ranked schools, shopping, restaurants, and everyday amenities, this location provides unmatched convenience and long-term appeal for future residents.Don't miss this incredible opportunity to acquire a premier redevelopment site in one of North York's most desirable and fast-growing neighbourhoods.All development proposals subject to municipal approvals.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $8,612 |
| Lot Size | 50 ft x 132 ft |
| mls© Number | C13623612 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $0
- Property tax
- $718
- Heat allowance
- $150
- Housing costs
- $868 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$27,000
gross annual household income
- Payment at 4%
- $0 / mo
- Cash down
- $0
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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