575 Huron Street, Toronto | Image 1

575 Huron Street

Toronto, Annex

  • Commercial

$2,795,800
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R (D1.0) X (X900

  • Age: No Data

  • Taxes: 9527.65

  • MLS®#: C11883138

  • Days on Site: 1 Days

  • Added: Dec 05, 2024 (1 week ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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 C11883214). 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.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Toronto

  • Community: Annex

  • Availability Date: 30-90 Days/TBA

Inside

  • Bathrooms: 4

  • Air Conditioning: N

  • Washrooms: 4

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 21-2 SEC M6; PT LT 21 E/S HURON*As Per Schedule B

  • Taxes: $9,528

  • Taxes Type: Annual

Land

  • Cross Street: St George Street & B

  • Municipality District: Toronto C02

  • Parcel Number: 212150174

  • Lot Depth: 178.5 Feet

  • Lot Frontage: 25 Feet

  • Zoning: R (D1.0) X (X900

Commercial Specific

  • Total Area: 4462

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Subways

  • Lot Code: Lot

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JK-6

da Vinci School

Elementary: Public
1.45 km
JK-6

Cottingham Junior Public School

Elementary: Public
1.09 km
JK-6

Huron Street Junior Public School

Elementary: Public
0.21 km
JK-8

Jesse Ketchum Junior and Senior Public School

Elementary: Public
0.89 km
JK-6

Palmerston Avenue Junior Public School

Elementary: Public
1.04 km
JK-6

Brown Junior Public School

Elementary: Public
1.41 km
9-12

Msgr Fraser Orientation Centre

Secondary: Catholic
1.01 km
9-12

Msgr Fraser College (Alternate Study) Secondary School

Secondary: Catholic
0.99 km
9-12

Loretto College School

Secondary: Catholic
1.05 km
9-12

St Joseph's College School

Secondary: Catholic
1.48 km
9-12

Harbord Collegiate Institute

Secondary: Public
1.52 km
9-12

Central Technical School

Secondary: Public
1.12 km
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