575 Huron St

Annex, Toronto, M5R 2R6
FOR SALE
$2,998,000
575 Huron St, Toronto
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
575 Huron St
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4
BEDROOMS
4
BATHROOMS
3
KITCHENS
10 + 2
ROOMS
C9310418
MLSID
Contact Us
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 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.
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.
Nearby Intersections
Property Details
Street
Community
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
Room Summary
RoomLevelSizeFeatures
FoyerMain9.68' x 14.76'Fireplace, Laminate
LivingMain11.22' x 15.42'Hardwood Floor, Fireplace, Pocket Doors
DiningMain11.15' x 17.72'Hardwood Floor, Stained Glass, O/Looks Backyard
KitchenMain7.48' x 9.68'Tile Floor, B/I Dishwasher, Pantry
Rec3rd13.68' x 19.19'Tile Floor, Double Closet, W/O To Yard
Toronto Market Statistics
Toronto Price Trend
575 Huron St is a 4-bedroom 4-bathroom home listed for sale at $2,998,000, which is $1,077,957 (56.1%) higher than the average sold price of $1,920,043 in the last 30 days (August 18 - September 16). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $19,354 (1.0%) compared to the previous 30 day period (July 19 - August 17) and up $33,865 (1.8%) from the same time one year ago.
Inventory Change
There were 572 4-bedroom homes listed in Toronto over the last 30 days (August 18 - September 16), which is up 55.4% compared with the previous 30 day period (July 19 - August 17) and up 11.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($35,485) (1.8%) below asking price over the last 30 days (August 18 - September 16), which represents a $13,295 increase compared to the previous 30 day period (July 19 - August 17) and ($5,141) 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 18 - September 16) stood at 32.0%, down from 56.2% over the previous 30 days (July 19 - August 17) and down from 36.6% 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 28 days when successfully sold over the last 30 days (August 18 - September 16), compared to 64 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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