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BEDROOMS5
BATHROOMS5
KITCHENS11
ROOMSC11824050
MLSIDContact Us
Property Description
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 C11823862). 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. This property is being sold "as is" and offers lots of potential, whether you're looking to invest, redevelop, or simply capitalize on the property's highly sought after location. The property contains 7 rental rooms/self-contained units all on month-to-month tenancies. Don't miss out on this exceptional renovation and development opportunity in one of Toronto's most sought-after neighborhoods. **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, 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
$8,891 (2024)
Basement
Full, Unfinished
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 | 10.50' x 12.63' | Hardwood Floor, Fireplace |
| Sitting | 3rd | 10.66' x 13.45' | Hardwood Floor, 3 Pc Bath |
| Kitchen | 3rd | 10.17' x 10.33' | W/O To Deck |
| Br | 3rd | 10.83' x 11.81' | Hardwood Floor, Closet |
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Toronto Market Statistics
Toronto Price Trend
577 Huron St is a 7-bedroom 5-bathroom home listed for sale at $2,795,800, which is $212,467 (8.2%) higher than the average sold price of $2,583,333 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 7 bedroom home in Toronto increased by $633,333 (32.5%) compared to the previous 30 day period (December 22 - January 20) and down $1,288,083 (33.3%) from the same time one year ago.Inventory Change
There were 11 7-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 175.0% compared with the previous 30 day period (December 22 - January 20) and up 22.2% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Toronto typically sold ($115,000) (4.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $123,888 increase compared to the previous 30 day period (December 22 - January 20) and ($226,583) 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 7-bedroom homes in Toronto over the last 30 days (January 21 - February 19) stood at 27.3%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 5-bathroom home in Toronto stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 74 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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