552 Huron Street

Annex, Toronto

552 Huron Street, Annex, Toronto

$1,550,000

Bedrooms: 8

Bathrooms: 4

Living Area: 2,500 sqft

Price Per Sqft: $620.00

About this Detached

in Annex, Toronto

Rare land-value offering in Toronto's highly sought-after Annex neighbourhood. This detached property sits on a 25 x 130 ft lot and is being sold strictly for redevelopment purposes. Located within the City of Toronto's Major Transit Station Area (MTSA), the property supports single-family or multiplex residential development as-of-right under current planning policy. Preliminary zoning review suggests the potential for approximately 4-6 residential units (~4760sf), together with a possible garden suite (~880sf), subject to compliance with applicable by-laws, performance standards, servicing capacity, and municipal approvals. This designation may provide a streamlined pathway for gentle density intensification, subject to buyer due diligence. Positioned steps from Bloor Street, subway access, and the University of Toronto, the site offers the fundamentals for long-term redevelopment in an established, transit-oriented neighbourhood with consistent rental demand. Ideal for investors, builders, or developers seeking a well-located urban infill opportunity. The existing structure has sustained flood damage and is not habitable. The property is offered in "as is, where is" condition with no representations or warranties. Multiplex and Garden Suite report available upon request.

Listed by PROPERTY.CA INC..

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
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* This material is for informational purposes only.

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