Yonge/Finch - Rent Income $9000 6Bed, 4Kit, 4Bath, 2 driveways!

305 Connaught Avenue, North York, ON
$1,288,000
For Sale
  • 305 Connaught Avenue, North York, ON
  • 1,288,000

Description

Yonge/Finch – North York. MUST SEE! Super Rare features – no kidding, please read on why! Rental Income - $9000 per month. Has 2 driveways for up to 11 vehicles, in the heart of the City! Has 6 Bedrooms, 4 kitchens, 4 Bathroom, 2 Separate Entrances, 2 Separate Laundry Facilities, 200 Amp Power, Level 2 EV Charging. Fully renovated interior and exterior. Over $400K in upgrades. Incredible investment / multi-family property. BIG INCOME to pay for mortgage! PLEASE HURRY TO VIEW – NOVEMBER 30 – 5PM IS OFFER DATE via REMOTE (fax/email)

Exclusively listed for $2.3M in 2022, now listed for $1.288 only. Please read the property description remark below. If interested in viewing or have any questions, please CONTACT RICK (owner) 416-830-2629 Thank You.

LISTING REMARK:
“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.”

For any questions or to book a viewing, please feel free to CALL or TEXT: Rick (owner) at 416-830-2629. Please hurry if possible – viewing until 4pm NOVEMBER 30, 2025

Thank you again and please have a wonderful day!

Show More

Details

  • Bathrooms: 4
  • Bedrooms: 6
  • For Sale By: Owner

Location

Similar Properties