$2,988,000 FOR SALE

Multiplex

Bedrooms: 5+2Bathrooms: 6Lot: 22 x 125 ft

557 Markham Street
Toronto (Palmerston-Little Italy), ON M6G 2L6

Discover a rare and practical investment in a premium downtown Toronto location. This grand residence at Bloor & Bathurst offers six self-contained rental units, ideal for any portfolio. It includes five functional 1-bedroom units and a spacious 2-level, 2-bedroom suite, appealing to tenants seeking the charm of a house over a condo's congestion. With no elevator waits or crowded areas, it offers serene living in a historic neighborhood. Thoughtful updates include fire safety improvements, ensuring peace of mind for landlords and tenants. Four of six units are occupied, and this property can generate a projected revenue of $12,580/mo or $151K/year when fully leased.. Unlike condos flooding the market, apartments in character homes like this are rare and desirable, offering unique charm, privacy, and location advantages. Minutes walk to Bloor Street, Bathurst subway, U of T, Mirvish Village, parks, cafes, and dining, the unbeatable location ensures univeral demand and interest. Five units enjoy private outdoor spaces, and two feature in-unit laundry. A two-car garage with laneway access adds convenience, while a laneway suite study offers future development potential. This turnkey property is a low-maintenance, high-demand investment in a historic home, perfectly positioned in one of Torontos most sought-after neighborhoods. Apartments in homes like this are timeless assets that grow in value. Dont miss this rare opportunity to secure a solid investment in the heart of the city. **** 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. (id:47423)

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Listed By FREEMAN REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C11917272
Last Updated Jan 10, 2025
Property Summary
Property Type Multiplex

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Community Palmerston-Little Italy
Price History
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Detailed Information
Bedrooms 5+2
Bathrooms 6
Lot 22 x 125 ft
Amenities Nearby Place of Worship, Public Transit, Schools
Features Lane
Listing Contract Date 2025-01-10
Location Description Bathurst & Bloor (Steps to transformed Mirvish Village)
# of Parking Spaces 2
Property Type Multi-family
Structures Deck, Porch
Transaction Type For sale
Building
Appliances Water Heater - Tankless, Dryer, Refrigerator, Stove, Washer
Basement Development Finished
Basement Features Apartment in basement, Walk out
Basement Type N/A (Finished)
Exterior Finish Brick
Flooring Type Hardwood, Laminate, Tile
Foundation Type Unknown
Heating Fuel Natural gas
Heating Type Hot water radiator heat
Stories Total 2.5
Type Other
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
BedroomSecond level2.44 m x 3.56 m
Living roomSecond level4.37 m x 3.99 m
BedroomSecond level4.83 m x 4.22 m
KitchenSecond level2.9 m x 2.34 m
Living roomSecond level2.44 m x 3.05 m
Living roomThird level3.35 m x 4.06 m
Living roomMain level4.57 m x 4.01 m
BedroomMain level4.11 m x 5.21 m
KitchenMain level2.13 m x 2.49 m
Living roomMain level5.44 m x 3.05 m
BedroomMain level4.98 m x 3.4 m
KitchenMain level3.71 m x 2.13 m
Parking Spaces
Name Spaces
Detached Garage
Land
Total Size 22 x 125 FT
Amenities Place of Worship, Public Transit, Schools
Fence Type Fenced yard
Sewer Sanitary sewer
Size of Irregular Land 22 x 125 FT

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