557 Markham Street No longer available

Toronto, Palmerston-Little Italy, M6G 2L6

$2,999,000

Description

Listed by FREEMAN REAL ESTATE LTD..

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.

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.

Location

View Map
  • Address: 557 Markham Street
  • Neighborhood: Palmerston-Little Italy
  • City: Toronto
  • State: Ontario
  • Postal Code: M6G 2L6

Property Details

  • Property ID: C10454156
  • Property Price: $2,999,000
  • Style: Multiplex, 2 1/2 Storey
  • Rooms: 14+5
  • Bedrooms: 5+2
  • Bath: 6
  • Garages Spaces: 2
  • Garage: Detached
  • Parking Spaces: 2
  • Basement: Apartment, Fin W/O
  • Central Vac.: N
  • Den: N
  • Exterior: Brick, Other
  • Heating: Water
  • Fireplace: N
  • Taxes: $9,770.84 (2024)
  • Lot: 125.00x22.00 (Feet)

Room details and dimensions

Statistics for similar Multiplex homes in Palmerston-Little Italy

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Multiplex homes in Palmerston-Little Italy

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Multiplex homes in Palmerston-Little Italy

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Nearby Listings

  • New
  • For Sale

557 Markham Street

Toronto, Palmerston-Little Italy, M6G 2L6

  • 5+2 Bedrooms
  • 6 Bath
  • 2 Garage
  • For Sale

62 Brock Avenue

Toronto, Roncesvalles, M6K 2L4

  • 5+8 Bedrooms
  • 13 Bath