$1,585,000
$1,499,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
507 Annette ST Toronto W02, ON M6P 1S1
8 Beds
4 Baths
Key Details
Sold Price $1,585,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID W7315196
Sold Date 01/04/24
Style 2 1/2 Storey
Bedrooms 8
Annual Tax Amount $5,440
Tax Year 2022
Property Description
Welcome to High Park North! This home, currently configured into 3 spacious units with separate entrances, offers 9 bedrooms and 4 baths. Take advantage of substantial income with a 7.5% cap rate, making it a savvy investment. Unique opportunity in the market to Live for free by renting the other two units! Ask for Financials. Difficult to find another home like it. Explore the option to remove drywall, converting it back into a single-family Home. The basement unit, renovated in 2021, maximizes rental income with 2 Br. The main floor unit features 2 Br, a fireplace, and a W/O to a deck, hot tub, and backyard studio/gym. The upper floors boast 4 bedrooms and a den—ideal for larger families seeking both space and passive income. AAA tenants. Enjoy easy transit access with bike lanes, buses, and a quick walk to the subway, making city living a breeze. This property combines historic charm with versatility, offering endless possibilities for both investors and homeowners alike.
Location
Province ON
County Toronto
Community High Park North
Area Toronto
Region High Park North
City Region High Park North
Rooms
Family Room Yes
Basement Apartment, Separate Entrance
Kitchen 3
Interior
Cooling Central Air
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Total Parking Spaces 1
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