577 Huron St

Annex, Toronto, M5R 2R6
FOR SALE
$2,998,000
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
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7
BEDROOMS
5
BATHROOMS
5
KITCHENS
11
ROOMS
C9310088
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 C9310418). 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. The "as is" sale opens the door to endless potential, whether you're looking to invest, redevelop, or simply capitalize on the property's prime location. The versatility of this property makes it a rare find in the Annex, and the month-to-month tenancies provide flexibility for future plans. Don't miss out on this exceptional 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.
Nearby Intersections
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 $2,998,000, which is $1,128,000 (60.3%) higher than the average sold price of $1,870,000 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 7 bedroom home in Toronto declined by $0 (0.0%) compared to the previous 30 day period (July 20 - August 18) and up $535,991 (40.2%) from the same time one year ago.
Inventory Change
There were 11 7-bedroom homes listed in Toronto over the last 30 days (August 19 - September 17), which is up 57.1% compared with the previous 30 day period (July 20 - August 18) and up 83.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
7-bedroom homes in Toronto typically sold ($220,000) (11.8%) below asking price over the last 30 days (August 19 - September 17), which represents a $0 decrease compared to the previous 30 day period (July 20 - August 18) and ($114,491) 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 (August 19 - September 17) stood at 9.1%, down from 28.6% over the previous 30 days (July 20 - August 18) 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 21 days when successfully sold over the last 30 days (August 19 - September 17), compared to 76 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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