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

577 Huron St, Toronto, Ontario M5R 2R6

Other
-
5
- sqft
$2,795,800
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Other
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$12,007/mo

Tax Amount (2024)$8,891/yr

Days On Market88 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 C11883138). 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. **EXTRAS** Due to emergency access requirements, the feasibility of a "Garden Suite" exists if one can obtain a Limiting Distance Agreement with a neighbour. The buyer is advised to conduct their own due diligence.


Property Details

StyleApartment
View-
Age of property-
SqFt-
Lot Size4,462 SqFt(178.5 x 25)
Parking Spaces-
MLS ®NumberC11883214
Community NameThe Annex
Data SourceTRREB
Listing byROYAL LEPAGE REAL ESTATE SERVICES LTD.

Features

Heating: Gas Hot Water
Cooling: N

Features

Lot size: 4,462 SqFt

Property History

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Price changeActive
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Listed
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88 days on market
history photo preview26
Listing by trreb®
Property listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD., Brokerage

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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