Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
Toronto, Annex, M5R 2R6
$2,998,000
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD..
Located in the heart of the Annex, 575 Huron Street has been under the same ownership since the mid-1970s. This detached property offers an exceptional opportunity, whether purchased individually or together with 577 Huron Street, which is also listed (MLS C9310088). The open, deep 178 ft. lot with no obstructions offers great potential for various uses. Zoned for multiple purposes, MPAC has classified it as a "Residential property with three self-contained units," which accurately reflects its current configuration. With some mechanical upgrades and a recently updated roof, the property is being sold "as is." For the right buyer, it presents endless possibilities, versatility, and significant developmental potential. Opportunities to acquire such a unique property in the Annex are rare. All tenancies are currently on a month-to-month basis, with the main floor and basement units set to be vacant at the end of the month.
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.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
Toronto, Dovercourt-Wallace Emerson-Junction, M6P 3P9