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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: R (D1.0) X (X900
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Age: No Data
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Taxes: 9527.65
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MLS®#: C11883138
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Days on Site: 1 Days
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Added: Dec 05, 2024 (1 month ago)
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Updated:
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Last Checked: 1 hour ago
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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
da Vinci School
Elementary: PublicCottingham Junior Public School
Elementary: PublicHuron Street Junior Public School
Elementary: PublicJesse Ketchum Junior and Senior Public School
Elementary: PublicPalmerston Avenue Junior Public School
Elementary: PublicBrown Junior Public School
Elementary: PublicMsgr Fraser Orientation Centre
Secondary: CatholicMsgr Fraser College (Alternate Study) Secondary School
Secondary: CatholicLoretto College School
Secondary: CatholicSt Joseph's College School
Secondary: CatholicHarbord Collegiate Institute
Secondary: PublicCentral Technical School
Secondary: Public
