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Key Facts
Key facts for 507 Annette St
Property Type
Apartment, 2 1/2 Storey
Parking
None 0 garage, 1 parking
MLS #
W7029164
Size
-
Basement
Apartment,Separate Entrance
Listed on
2023-09-25
Lot size
25 x 100.15
Tax
$5,440.90 /yr
Days on Market
76
Approximate Age
-
Maintenance Fee
-
Description
Welcome to high-demand High Park North/The Junction! This updated detached century home currently boasts 3 spacious units with separate entrances, totaling 8 bedrooms, 4 baths and many possibilities: Substantial income with a cap rate of 7.5%. Easy option to remove drywall exposing the banister bet...ween 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. **** Extras **** Past 1-2 yrs: 100% electrical overhaul, new roof, gutters, flashing, siding, large new deck, insulated backyard studio/gym, heat pumps/A/C, duct work, boiler and on-demand hws. Private entrances for all 3 units.
