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Home with brick exterior material, street for 40 Cowley Ave, Toronto Ontario M9B 2E3
9 hours on Market

40 Cowley Ave, Toronto, Ontario M9B 2E3

Detached
4 + 2
5
~1100-1500 sqft
$1,799,000
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Detached
4 + 2
5
~1100-1500 sqft

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Highlights

Property Estimate

Days on market9 hours

Estimated valueNot available

Price/Sqft$1,417/sqft

Monthly cost

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Description

Welcome to 40 Cowley Avenue - a rare, fully renovated and expanded detached home in Toronto's highly desirable west end, offering a unique blend of space, flexibility, and income potential. Opportunities like this are increasingly hard to find: a solid, upgraded home on a premium 75 x 85 ft lot, designed to serve end-users, multi-generational families, and investors alike. Inside, you'll find a thoughtfully updated layout featuring 4+2 bedrooms and 4 bathrooms, with generous principal rooms and modern upgrades that reflect today's lifestyle needs. The recent renovations and added living space not only enhance comfort, but position this home as a long-term, future-proof investment. The finished basement with separate entrance offers immediate rental income potential or a private in-law suite - a highly sought-after feature in today's market. Above the garage, the loft space presents a rare opportunity to easily create an additional unit, studio, or workspace - unlocking multiple income streams under one roof. Homes that offer this level of versatility, income potential, and lot size in this location are limited - and in high demand. Around 2000 square feet of living space plus fully finished basement. Renovated + expanded for modern living. Income-ready basement with separate entrance. Loft potential for additional unit. Ideal for multi-generational living or mortgage support. The spacious patio is ideal for socializing, adding a jacuzzi, or even a sunroom. Parking for 5 vehicles. Located in a strong, family-friendly neighborhood near parks, schools, and transit. Whether you're looking to live in, rent out, or strategically invest, this property allows you to do all three - simultaneously. Act quickly - properties with this combination of flexibility and upside do not stay available for long.


Upcoming Open Houses

May 22Fri1:00 PM - 5:00 PM
May 23Sat1:00 PM - 5:00 PM
May 24Sun1:00 PM - 5:00 PM

Property Details

Style2-Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size6,375 SqFt(85 x 75)
Parking Spaces5
MLS ®NumberW13143314
Community NameIslington City Centre West
Data SourceTRREB
Listing byRE/MAX PROFESSIONALS INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Apartment, Finished

3rd Floor

Br

2.76 x 3.41

Balcony / W/O To Balcony

Bathroom

1.75 x 2.14

4 Pc Bath / Renovated


Features

Lot size: 6,375 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 4

Total parking spaces 5


Property History

May 19, 2026
ListedActive
$1,799,000
9 hours on market
history photo preview40
Listing by trreb®
Property listed by RE/MAX PROFESSIONALS INC., Brokerage
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Market Data - Islington City Centre West

Geo Zone Map ThumbnailIslington City Centre West

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2025

22 days

2024

19 days

2023

20 days

New Listings

Past 30 days

36 listings

Compared to

2025

32 listings

2024

26 listings

2023

22 listings

Units sold

Past 30 days

14 units

Compared to

2025

22 units

2024

13 units

2023

20 units

Median Sold Price

Past 30 days

$1,691,000

Compared to

2025

$1,442,500

2024

$1,525,000

2023

$2,125,500


Population and Demographics

Overview

Total population 47955
Average household income $147,186

Age (%)

0 to 19
18%
20 to 34
24%
35 to 49
21%
50 to 64
20%
65 and plus
17%

Household composition (%)

Single family
60%
Single person
34%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
65%
Spanish
4%
Ukrainian
4%
Portuguese
3%
Polish
3%
Others
3%
Korean
3%
Serbian
3%
Tagalog (Pilipino, Filipino)
2%
Italian
2%
Russian
1%

House tenancy (%)

Owners
59%
Renters
41%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget