498 Annette Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Junction Area. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,650,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 26 x 71 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Carpet Free, Floor Drain, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
VACANT MULTI-FAMILY HOME !! This purpose-built Duplex is an ideal choice for multi-family living, or offers opportunities for both a live-in arrangement with income generation, or as an investment. The two separate units feature their own entries, laundry facilities and individual addresses, ensuring total privacy. The property has been lovingly maintained by the same family for over 60 years. It underwent a significant renovation down to the studs, completed in 2018. This included the replacement of wiring, plumbing, insulation, and drywall, as well as the installation of two forced air furnaces, two A/C units, and new owned hot water tanks. The home houses modern finishes, including a kitchen with granite countertops, recessed lighting and bathrooms with tiled tub surrounds and floors with floor drains in both bathrooms. Durable luxury vinyl plank flooring is installed throughout. The roof was replaced in 2020, with new sheathing over the existing boards. Updated eaves, soffits and flashings. The retaining wall was replaced with sleek stone surrounding the corner lot. The property also includes a two-car detached garage and two additional driveway parking spots, a rare find in the city. The garage offers garden suite potential, allowing for renovations to add up to 745 square feet of living space, perfect for an additional income stream, studio, or office. Report available. Situated in a stable neighbourhood that connects to Bloor West Village, High Park, and The Junction, this home offers easy access to public transportation (TTC) and is close to the Stockyards for all your shopping needs. The family-friendly community boasts some of the top-rated schools in the area. This property is vacant, making it easy to show, and is ready for you to move right in. Turnkey and waiting for its new owners, it offers a unique blend of history and modern comforts. Dont miss out on the opportunity to own a piece of this legacy and create cherished memories within its walls.
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Key Features
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Interior Features
Carpet Free, Floor Drain, Sump Pump, Separate Hydro Meter, Separate Heating Controls
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 498 Annette Street, Toronto W02, ON M6P 1S3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,650,000 in Toronto, the legal minimum down payment is $330,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $29,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $29,475 also applies, bringing the total estimated land transfer taxes to $58,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
