Home with brick exterior material for 577 Huron St, Toronto Ontario M5R 2R6
20 days on Market

577 Huron St, Toronto, Ontario M5R 2R6

Detached
7
5
- sqft
$2,795,800
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Detached
7
5
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$12,007/mo

Tax Amount (2024)$8,891/yr

Days On Market20 days


Description

Nestled in the vibrant heart of the Annex, 577 Huron Street is a rare gem. This detached property offers a unique opportunity for savvy buyers and developers alike. It can be purchased on its own or together with the adjacent 575 Huron Street, which is also listed (MLS C11823862). The property boasts an impressive 178 ft. deep, unobstructed lot, perfect for redevelopment. With R (d1.0) (x900) zoning, the possibilities are vast from maintaining its current use as a licensed rooming house to creating a significant addition or even a completely new build. This property is being sold "as is" and offers lots of potential, whether you're looking to invest, redevelop, or simply capitalize on the property's highly sought after location. The property contains 7 rental rooms/self-contained units all on month-to-month tenancies. Don't miss out on this exceptional renovation and development opportunity in one of Toronto's most sought-after neighborhoods.


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt-
Lot Size4,462 SqFt(178.5 x 25)
Parking Spaces-
MLS ®NumberC11824050
Community NameThe Annex
Data SourceTRREB
Listing byROYAL LEPAGE REAL ESTATE SERVICES LTD.

Features

Heating: Water
Basement: Full, Unfinished

Main Floor

Foyer

3.85 x 3.20

Hardwood Floor / Fireplace

Br

0.00 x 0.00

Br

0.00 x 0.00

Combined W/Living / Galley Kitchen / 4 Pc Bath

Br

0.00 x 0.00

Combined W/Living / Galley Kitchen / 4 Pc Bath


Features

Lot size: 4,462 SqFt

Property listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD., Brokerage

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Market Data - The Annex

Strong Buyer's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

46 days

Compared to

2023

17 days

2022

5 days

2021

28 days

New Listings

Past 30 days

7 listings

Compared to

2023

8 listings

2022

5 listings

2021

1 listing

Units sold

Past 30 days

1 unit

Compared to

2023

2 units

2022

1 unit

2021

2 units

Median Sold Price

Past 30 days

$2,315,000

Compared to

2023

$3,302,500

2022

$5,775,000

2021

$2,969,000


Population and Demographics

Overview

Total population 15854
Average household income $252,489

Age (%)

20 to 34
33%
65 and plus
20%
35 to 49
20%
50 to 64
17%
0 to 19
10%

Household composition (%)

Single person
53%
Single family
38%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
79%
Mandarin
3%
Spanish
3%
French
3%
Others
3%
Yue (Cantonese)
2%
Korean
1%
Portuguese
1%
Russian
1%

House tenancy (%)

Renters
68%
Owners
32%

Schools and amenities

Estimated Budget