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New5 days ago

12 Connaught Avenue

Newtonbrook West, Toronto

$1

Detached|Bungalow
2 | 1 | 3
About this home

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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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,832
Lot Size63 ft x 132 ft
mls© NumberC13623670
Listed ByRIGHT AT HOME REALTY

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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
$569
Heat allowance
$150
Housing costs
$719 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $0
25-yr amortization

Income needed

$22,000

gross annual household income

Payment at 4%
$0 / mo
Cash down
$0

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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