For sale

557 Markham St

Palmerston-Little Italy, Toronto, Ontario

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Bedrooms

5

Bathrooms

6

Parking

2

Price

$2,999,000

MLS© ID

C10454156

Approx. Age

N/A

Listed Since

November 22nd, 2024

Exterior

Brick, Other

Air Conditioning

None

Heating

Water

Pool

None

Type

Multiplex

Aprox. sq. footage

N/A

Taxes

$9,771

Style

2 1/2 Storey

Garage

Detached

Basement

Apartment

Fireplace

Yes

Lot Size

22.00 x 125.00 Feet

Type Level Dimensions
Br 2nd 4.83x4.22
Br 2nd 2.44x3.56
Kitchen 2nd 2.90x2.34
Living 2nd 4.37x3.99
Living 2nd 2.44x3.05
Living 3rd 3.35x4.06
Br Main 4.11x5.21
Br Main 4.98x3.40
Kitchen Main 2.13x2.49
Kitchen Main 3.71x2.13
Living Main 4.57x4.01
Living Main 5.44x3.05

DESCRIPTION

Turnkey investment in the heart of Little Italy! This grand semi-detached home at Bloor & Bathurst offers 6 self-contained rental units (5 occupied) a perfect portfolio addition. The property features 5 one-bedroom units and a spacious 2-level, 2-bedroom suite, and many updates throughout the property. Solid & sympatico tenants provide peace of mind to this investment opportunity. Unbeatable location: steps to Bloor St, Bathurst Subway, U of T, and directly across from the redeveloped and new Mirvish Village. Enjoy nearby shopping, parks, cafes, and dining. Five units enjoy outdoor spaces, two include in-unit laundry, and there's a 2-car garage with laneway access plus a laneway suite study offering exciting development potential. Monthly revenue is approx. $10,320/mo, and once fully occupied projected monthly revenue of $12,580/mo is expected once the recently renovated unit is leased. Investment opportunity not to be missed.

Extras: Strength in numbers: 555 & 565 Markham St. are also for sale (MLS). Maximize your economies of scale, or dream bigger and assemble 3 flagship properties in enviable location. Located on a Low-Traffic, Tree-lined, One-way Street.

Amenities & Features

Type: Multiplex

Features: Fenced Yard, Place Of Worship, Public Transit, School,

Brokerage: FREEMAN REAL ESTATE LTD.

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