420 Annette St
Junction Area, Toronto, M6P 1R9
FOR SALE
$1,750,000
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4 + 1
BEDROOMS2
BATHROOMS2
KITCHENS10 + 1
ROOMSW9018236
MLSIDContact Us
Property Description
Attention investors and savvy buyers! This exceptional corner duplex presents a strategic investment opportunity with 2 LEGAL units and the potential for a third unit in the basement. Located in the coveted Junction area, this property has undergone extensive renovations valued in the hundreds of thousands of dollars, all compliant with building codes and secured with proper permits. The newly renovated unit is vacant and ready to yield peak area rental rates. The upgrades include a brand-new kitchen with appliances, LED lighting throughout, modern HVAC systems, new plumbing, and upgraded individual electrical panels.A unique feature of this property is the rare garage with 2 parking spots plus 1 driveway space. Additionally, the property boasts a very large walk-out deck, perfect for outdoor relaxation and entertaining. Enjoy the convenience of being just minutes from downtown, parks, schools, restaurants, and shops, with TTC at your doorstep. Whether you choose to rent the entire building or live in one unit while renting out the other two, this property promises substantial rental income and future capital appreciation. Moreover, the property requires minimal exterior maintenance as it encompasses almost the entire lot.Don't miss out on this outstanding investment opportunity in a sought-after location.
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Nearby Intersections
High Park & Bloor (13)
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
24' x 92'
Fronting
North
Taxes
$6,037 (2023)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
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Toronto Market Statistics
Toronto Price Trend
420 Annette St is a 4-bedroom 2-bathroom home listed for sale at $1,750,000, which is $171,732 (8.9%) lower than the average sold price of $1,921,732 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $26,954 (1.4%) compared to the previous 30 day period (July 20 - August 18) and up $16,194 (0.8%) from the same time one year ago.Inventory Change
There were 599 4-bedroom homes listed in Toronto over the last 30 days (August 19 - September 17), which is up 64.6% compared with the previous 30 day period (July 20 - August 18) and up 20.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($30,418) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,834 increase compared to the previous 30 day period (July 20 - August 18) and ($9,046) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Toronto over the last 30 days (August 19 - September 17) stood at 32.2%, down from 54.7% over the previous 30 days (July 20 - August 18) and down from 36.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Toronto stood at 26 days when successfully sold over the last 30 days (August 19 - September 17), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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Welcome to this exceptional duplex property, recently renovated to offer a blend of residential comfort and income potential. This property caters to diverse needs. The upper unit is currently rented, while the lower unit remains vacant, providing the option to reside in one and rent out the other.Situated directly across from the newly completed Waterworks YMCA and Food Hall, with easy access from Richmond, this duplex enjoys an enviable location. The lower unit has been meticulously renovated, offering a turnkey solution for the new owner. Boasting 4 bedrooms, 3 bathrooms, 2 kitchens, 2 laundries, and 2 expansive decks across two-and-a-half floors, this property provides ample living space with minimal maintenance requirements.
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3 unit building.Duplex plus 3rd Apt in the basement.Very large Apts with balconies ,hardwood floors.Steps to Lakeshore.Close to college,schools,Lake Ontario,TTC.Coin operated washer and dryer in the basement.Parking for 5 cars at rear.3 Apts presently rented month to month.Great location.
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