507 Annette St, Toronto, Ontario, M6P 1S1 Toronto ON CA
Property Details
Bedrooms
8
Bathrooms
4
Neighborhood
High Park
Basement
Apartment, Sep Entrance
Property Type
Residential
Description
Welcome to high-demand High Park North/The Junction! This renovated detached century home currently boasts 3 spacious units with separate entrances, totaling 8 bedrooms, 4 baths and many possibilities: Currently owner live-in with substantial income covering the mortgage, cap rate of 7.5%. Easy option to remove drywall exposing the banister between units to convert back to a single-family home. Or, put walls back up on 2nd floor and use existing third floor plumbing to convert (back) to a fourplex for maximum investment. The basement unit was gutted in 2021 and features 2 Br, yielding maximum rental income. The main floor unit boasts 2 br, fireplace and walks-out to a large deck, hot tub and backyard studio/gym. The upper floors offer an incredible 4 bedrooms and den, making it perfect for larger families wanting to live in the best neighbourhood while passively earning income. Transit options include bike lanes, buses and a quick walk to the subway, giving easy access to the city. Find out more about this property. Request details here
Location
Address
507 Annette Street, Toronto, Ontario M6P 1S1, Canada
City
Toronto
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