Charming 5-Bedroom Home With Development Potential In The Annex. Located In The Heart Of Toronto's Sought-After Annex Neighbourhood, This Rare 25 x150 Lot Offers An Incredible Opportunity For Renovation Or Expansion. The Same Owner Has Resided In The Home For Over 50 Years, Preserving Many Original Features While Leaving Ample Room For You To Transform It Into Your Dream Home. With 5 Bedrooms, 3 Bathrooms, And Endless Possibilities, This Property Provides The Perfect Canvas For Your Vision. Currently Set Up As A Family Home With A 1-Bedroom Unit On The Third Floor, This Home Can Easily Be Converted Back Into A Spacious 5-Bedroom Layout. The Basement Is Partially Finished With A Laundry Room, A 3-Piece Bathroom, And A Separate Entrance From The Backyard, Adding Extra Living Space Or Rental Options. A Rare Advantage Is The Opportunity To Build An Additional Dwelling Unit Of Up To 1,291 Square Feet On The Property, In Line With Toronto's Current Zoning Regulations. This Makes It An Ideal Location For Anyone Looking To Expand Or Create A Secondary Rental Unit Or Guest Space. Full Report Available Upon Request. While There Is No Dedicated Parking At The Moment, The Wide Mutual Drive Provides Easy Access To The Extra-Deep Lot, Allowing For Future Parking Development. Perfectly Situated Just Steps From Transit, Restaurants, Cafes, And Shops, This Property Offers A Peaceful Retreat Just Moments From The Bustling Vibrancy Of Bloor Street. It's Also Within Easy Walking Distance Of Chinatown, Koreatown, Little Italy, And The Yonge & Bloor Hub. For University Of Toronto Professors Or Medical Professionals Working At The Hospitals On University Avenue, This Location Could Not Be More Ideal. Enjoy The Convenience Of A Short Commute To The City's Top Institutions While Living In One Of Toronto's Most Desirable Neighbourhoods. Development Potential Galore And A Prime Location! PS. Jane Jacobs Was Once The Neighbour. IYKYK