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..
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 C9310418). 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. The "as is" sale opens the door to endless potential, whether you're looking to invest, redevelop, or simply capitalize on the property's prime location. The versatility of this property makes it a rare find in the Annex, and the month-to-month tenancies provide flexibility for future plans. Don't miss out on this exceptional development opportunity in one of Toronto's most sought-after neighborhoods.
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.