507 Annette St

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.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.