565 Markham Street For Sale

Toronto, Palmerston-Little Italy, M6G 2L6

$2,888,000

Description

Listed by FREEMAN REAL ESTATE LTD..

Luxury, income-producing triplex located at the crossroads of Annex, Seaton Village, University, and Little Italy. This fully renovated property offers an incredible investment opportunity with $145K in annual rent and a 5% CAP rate (gross inc). Ideally situated steps from the revitalized Mirvish Village, min to UofT, and on the subway line, it boasts versatility, ample parking, and future potential for a laneway home. Whether expanding your portfolio or living in style while earning rental income, this property has it all, including a stunning 2-level, 3-4 bedroom owner-ready suite. Nestled in one of Torontos most vibrant, walkable neighborhoods, this triplex offers unparalleled convenience. Subway access, schools, parks, eclectic dining, and the amenities of Bloor, Bathurst, and Harbord Streets are all steps away, ensuring ultra-low vacancy risk. Each of the three fully renovated units features spacious layouts, modern kitchens, updated bathrooms, and private outdoor spaces. The 2nd/3rd-floor owner-sized suite exudes Manhattan-inspired luxury with exposed brick, a floating staircase, and west-facing windows that flood the space with light. The 3-4 bedroom design makes it ideal for those seeking both comfort and practicality. The main-floor 2-bedroom unit features showroom-quality finishes, a private walk-out to the garden, and garage access. The basement suite, with its high ceilings, heated concrete floors, and sleek design, is a premium rental option. The exterior includes a private garden and a large 2-car garage, offering additional income potential or tenant convenience. With its prime location, thoughtfully upgraded interiors, and untapped laneway home potential, this turnkey triplex is a rare find in one of Torontos most dynamic neighborhoods. Dont miss this exceptional investment opportunity!

Strength in numbers: 555 & 557 Markham St. are also for sale (MLS). Maximize your economies of scale, or dream bigger and assemble 3 flagship properties in an A1 location.

Location

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  • Address: 565 Markham Street
  • Neighborhood: Palmerston-Little Italy
  • City: Toronto
  • State: Ontario
  • Postal Code: M6G 2L6

Property Details

  • Property ID: C11915436
  • Property Price: $2,888,000
  • Style: Semi-Detached, 3-Storey
  • Rooms: 11+4
  • Bedrooms: 6+2
  • Bath: 4
  • Garages Spaces: 2
  • Garage: Detached
  • Parking Spaces: 2
  • A/C: Wall Unit
  • Basement: Apartment, Sep Entrance
  • Central Vac.: N
  • Den: N
  • Exterior: Brick
  • Heating: Water
  • Fireplace: N
  • Taxes: $13,240.00 (2024)
  • Lot: 125.00x25.00 (Feet)

Room details and dimensions

Statistics for similar Semi-Detached 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 Semi-Detached 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 Semi-Detached homes in Palmerston-Little Italy

Property History

This property has been sold 9 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100