626 Huron Street

If you’re on the lookout for an exceptional investment opportunity, look no further than this stunning Multi-Family Home for sale in Toronto , located at 626 Huron Street, Toronto. Nestled in the vibrant Annex community, this luxury multiplex is just a stone’s throw away from Dupont and Spadina Stations, making it an ideal choice for those who appreciate both convenience and character. With a total of four units spread across a generous 4,000 square feet, this property showcases clever design, efficient use of space, and modern upgrades that make it a standout choice in the bustling Toronto real estate market.

As you explore this Multi-Family Home for sale in Toronto, you’ll discover that it features a total of 11 rooms, including four spacious bedrooms and a den, making it perfect for families or individuals seeking extra space. The building is a three-storey brick structure, and while it does not have a pool or fireplace, it compensates with its radiant heating system and wall unit air conditioning, ensuring comfort throughout the year. The property also benefits from municipal water and sewer services, making it a hassle-free investment.

Let’s take a closer look at the individual units within this remarkable property. Unit 1 is a spacious three-level suite that beautifully blends character with modern living. It boasts a generous bedroom complete with an ensuite bathroom, a laundry area, and an office space that leads out to a private deck, perfect for enjoying those sunny Toronto days.

Unit 2 is a bi-level, second-storey layout that offers a modern and practical living experience. This unit features a combined living, dining, and kitchen area that opens onto another private deck. The extra-large main floor bedroom is equipped with an ensuite bathroom, laundry facilities, and a convenient office nook, making it a highly desirable living space.

Unit 3 stands out as a true owner’s suite. Situated on the top floor, this beautifully designed space features glass railings, custom kitchen cabinetry, and high-end appliances, including a Miele cooktop and oven, as well as a Sub-Zero fridge. With skylights that flood the space with natural light, this unit also includes a laundry area and an impressive 260 square foot rooftop deck, providing a perfect retreat. Additionally, this unit holds one of the two detached garage parking spaces available for the property.

Finally, Unit 4 is a charming lower-level two-bedroom suite with its own private entry. This unit features a renovated eat-in kitchen, laundry facilities, and a patio walk-out that leads to a bright, additional live/work space, complete with floor-to-ceiling windows that allow for ample light. This space conveniently leads upstairs to the primary bedroom, making it a lovely retreat.

The exterior of this Multi-Family Home for sale in Toronto is equally impressive, with a lot size of 23 by 125 feet and a detached garage that accommodates two vehicles for Units 1 and 3. The garage also features raised storage racks for all four units, maximising space efficiency. With laneway potential and a report available, this property offers even more possibilities for future development.

The systems within the building are well-maintained, with a new roof installed in 2009, a boiler updated in 2011, and three ductless AC/heat pump units installed between 2019 and 2021. Additionally, there are three separate hydro meters, making it easy to manage utilities for each unit. Financials are available for interested buyers, providing transparency and insight into the property’s performance.

In summary, this Multi-Family Home for sale in Toronto at 626 Huron Street, Toronto, is an exceptional investment opportunity that combines luxury, practicality, and modern living. With its prime location in the Annex, well-designed units, and potential for additional income, this property is not to be missed. Whether you’re looking to invest or seeking a unique living arrangement, this multiplex is sure to impress.

The Annex is a vibrant and eclectic neighbourhood nestled just north of downtown Toronto, renowned for its historic Victorian and Edwardian architecture that lends the area a charming character. Home to a diverse mix of residents, including students, professionals, and artists, the Annex boasts a lively cultural scene, with an array of independent shops, cafes, and eateries lining its streets. The proximity to the University of Toronto adds a youthful energy, while the lush greenery of nearby parks offers a tranquil escape from the urban bustle. With excellent public transport links and a rich tapestry of cultural events, the Annex presents an inviting and dynamic environment for anyone looking to immerse themselves in the heart of Toronto life.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. Within just 0.3 km, Huron Street Junior Public School offers a solid elementary education for grades JK to 6, with a respectable school rating of 7.2. A bit further, Jesse Ketchum Junior and Senior Public School, located 1.0 km away, caters to grades JK to 8 and boasts a higher rating of 7.8. For secondary education, Harbord Collegiate Institute is 1.6 km from the property, providing education for grades 9 to 12 and an impressive school rating of 8.8. Additionally, Holy Rosary Catholic School, located 1.5 km away, offers a Catholic education for grades JK to 8, with a strong rating of 8.7. Other nearby schools include St. Joseph's College School and Lord Lansdowne Junior Public School, which provide further options for quality education. With a mix of public and Catholic schools, and a range of grades available, this area is well-equipped to meet the educational needs of your family, ensuring a nurturing environment for your children’s academic growth.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 554 residents, with an average household size of 1.9. The community is relatively young, with an average age of 37.6 years. Economic indicators show a robust average household income of $115,000, although 10% of the population falls within the low-income bracket. The real estate market is characterized by high property values, with an average price of $1,950,000. A significant portion of the population is single, comprising 58.42%, while households with children make up 25%. Immigrants represent 20.19% of the community, contributing to its diverse cultural fabric. The rental market is predominant, with 83.93% of residents renting their homes, and there are no condominiums available in the area. Educational attainment is high, with 73.96% of the population holding a college or university degree. However, a notable 22.92% of the residents are not in the labor force, indicating potential challenges in employment engagement. Overall, this area presents a unique blend of affluence, diversity, and a youthful demographic, making it an intriguing location for potential homebuyers or investors.