$2,795,800

Investment For Sale In The Annex, Toronto, Ontario

$2,795,800

Property Information:

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 C11883214). 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. The 2nd. & 3rd. floor tenants are on month-to-month tenancies. The main floor and basement is currently vacant. **** 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. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 4
  • Amenities Nearby: Public Transit
  • Irregular: Yes
  • Lot Depth: 178.5 Feet
  • Lot Frontage: 25.0 Feet
  • Lot Size: 25 x 178.5 FT
  • Zoning: R (D1.0) X (X900)

Courtesy of: Royal LePage Real Estate Services Ltd.

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