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Property Description
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 C11824050). 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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-10 | 2024-12-02 | 83 | $2,998,000 | - | Terminated |
Nearby Intersections
Bloor & Avenue (277)
Spadina & Dupont (13)
Property Features
Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
25' x 178'
Fronting
East
Taxes
$9,528 (2024)
Basement
Finished, W/O
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 9.68' x 14.76' | Fireplace, Laminate |
Living | Main | 11.22' x 15.42' | Hardwood Floor, Fireplace, Pocket Doors |
Dining | Main | 11.15' x 17.72' | Hardwood Floor, Stained Glass, O/Looks Backyard |
Kitchen | Main | 7.48' x 9.68' | Tile Floor, B/I Dishwasher, Pantry |
Rec | 3rd | 13.68' x 19.19' | Tile Floor, Double Closet, W/O To Yard |
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Toronto Market Statistics
Toronto Price Trend
575 Huron St is a 4-bedroom 4-bathroom home listed for sale at $2,795,800, which is $931,785 (50.0%) higher than the average sold price of $1,864,015 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 4 bedroom home in Toronto increased by $237,502 (14.6%) compared to the previous 30 day period (December 20 - January 18) and down $49,263 (2.6%) from the same time one year ago.Inventory Change
There were 470 4-bedroom homes listed in Toronto over the last 30 days (January 19 - February 17), which is up 88.0% compared with the previous 30 day period (December 20 - January 18) and up 34.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold $9,584 (0.5%) above asking price over the last 30 days (January 19 - February 17), which represents a $37,739 increase compared to the previous 30 day period (December 20 - January 18) and ($20,372) more 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 (January 19 - February 17) stood at 39.8%, down from 46.0% over the previous 30 days (December 20 - January 18) and down from 56.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Toronto stood at 26 days when successfully sold over the last 30 days (January 19 - February 17), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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