The Hungarian Castle undergoing renovations to transform into BMV, May 4, 2006. Photo by Jamie Bradburn
When it opened in 2006, the Bloor Street branch of BMV represented more than just a giant bookstore. Its bright blue exterior and large street-level windows removed an eyesore known to nearby businesses and residents as the “black hole of the Annex.” After nearly two decades of rot, any new owner or tenant occupying the former Hungarian Castle restaurant would have been greeted with open arms.
Why 471 Bloor St. W. appeared abandoned for so long is subject to rumours and urban legends. Elusive landlord Annie Racz didn’t provide answers during her lifetime. When she died in 2004, she left an estate consisting of millions of dollars worth of real estate centered around Bloor Street and Brunswick Avenue, some of which remains empty under the stewardship of her heir. Despite high interest from potential buyers, Racz threw up barriers that months of negotiation couldn’t breach. Theories on why she hung onto these properties without maintaining them included attempts to prevent higher tax assessments, an inability to trust anyone, and sentimental reminders of her late husband.