577 Huron St

Annex, Toronto, M5R 2R6
FOR SALE
$2,795,800
577 Huron St, Toronto
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
577 Huron St
Browsing Limit Reached
Please Register for Unlimited Access
7
BEDROOMS
5
BATHROOMS
5
KITCHENS
11
ROOMS
C11824050
MLSID
Contact 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.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-10 2024-12-02 83 $2,998,000 - Terminated
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 Features
Library, Park, Public Transit, School
Property Details
Street
Community
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
Room Summary
RoomLevelSizeFeatures
FoyerMain10.50' x 12.63'Hardwood Floor, Fireplace
Sitting3rd10.66' x 13.45'Hardwood Floor, 3 Pc Bath
Kitchen3rd10.17' x 10.33'W/O To Deck
Br3rd10.83' x 11.81'Hardwood Floor, Closet
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 $1,145,800 (69.4%) higher than the average sold price of $1,650,000 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 7 bedroom home in Toronto increased by $390,000 (31.0%) compared to the previous 30 day period (October 4 - November 2) and up $155,000 (10.4%) from the same time one year ago.
Inventory Change
There were 6 7-bedroom homes listed in Toronto over the last 30 days (November 3 - December 2), which is down 53.8% compared with the previous 30 day period (October 4 - November 2) and down 40.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
7-bedroom homes in Toronto typically sold ($119,000) (7.2%) below asking price over the last 30 days (November 3 - December 2), which represents a $80,000 decrease compared to the previous 30 day period (October 4 - November 2) and ($105,000) 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 7-bedroom homes in Toronto over the last 30 days (November 3 - December 2) stood at 16.7%, up from 7.7% over the previous 30 days (October 4 - November 2) and up from 10.0% 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 34 days when successfully sold over the last 30 days (November 3 - December 2), compared to 98 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Real Estate Services Ltd.
Similar Listings
44 Wilson Park Rd, Toronto
7
BEDS
4
BATHS
$2,595,000
FOR SALE
Exceptional opportunity for a downtown double lot on a tree-lined street surrounded by significant detached single family homes and historic walk-up apartments. This lot has potential to be severed into two or three lots with the ability to build up to 15 units under current legislation. Site is already approved to be expanded to 10,000 sq ft over six family-sized units plus a laneway house. This extra wide, deep lot offers unlimited potential: prefer multi-generational? Check. Build on the laneway, build new, divide into multi-plexes? All possible. Ideally located on the edges of historic Parkdale and Trendy Roncesvalles Village, this location is connected to the city like no other. Surrounded by nature, with the potential to feature spectacular water views, it is just steps to the Lake and the Martin Goodman Trail and a short walk to High Park. The current dwelling is 3500+ sq ft currently divided into three large suites plus a separate finished basement. A city-builders dream opportunity.
48 Lanark Ave, Toronto
8+2
BEDS
5
BATHS
$2,749,000
FOR SALE
New 5-Bedroom custom home with a large 3-bedroom/2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $45,000 per year. The coach house is currently leased for $3,745/month. Live in a luxury custom finished home while receiving this considerable rental income care-free. The Coach house is also ideal as an 'in-law suite' for multi-generational households, and is uniquely separated into two living spaces (one on each level) by keyed doors. The coachhouse kitchen is located on the second floor with an additional kitchen rough-in on the main floor. The primary home has a rare 5 bedrooms and 5 bathrooms, and is perfect for a large family or those looking for 4 bedrooms plus an office. Powder Room, Custom-built eat-in kitchen with floor to ceiling pantry for ample storage. Oversized Master Bedroom With tons of natural light, His and Her Custom millwork Closets, and oversized master bedroom ensuite with Free-Standing Tub, Double Vanity and an oversized glass shower. Third floor covered balcony with Private backyard, large deck and rear basement walkout. The primary home may also be retrofitted for a future basement apartment as it is separated from the main floor and is equipped with a separate exterior entrance, 2 bedrooms and a laundry/kitchen rough-in. This would allow a future owner to receive additional rental income from a large 2 bedroom basement apartment in addition to substantial rental income from the detached coach house. This home is located steps to Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown. Construction completed in June 2023 so it is not subject to Ontario rent increase limits. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.
2 Manor Haven Rd, North York
6+1
BEDS
5
BATHS
$2,378,988
FOR SALE
Welcome to 2 Manor Haven Road, a stunning and rarely available 6+1 bedroom home across from a tranquil park. This beautifully updated property offers a main-floor home office, a spacious and comfortable living and dining area, and a gourmet kosher kitchen. The home boasts a large deck, perfect for outdoor entertaining, and a finished basement providing extra space for guests or recreation. Ideally located near top schools, parks, and local amenities, this home is designed for both elegant family living and remote work convenience. Possibly to Build a Garden suite, or Convert to a Multi-Plex.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
1365796584