557 Markham Street Toronto, Ontario M6G 2L6

7 Bedroom 6 Bathroom
Hot Water Radiator Heat

$2,988,000

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:56069)

Property Details

MLS® Number C11917272
Property Type Multi-family
Neigbourhood Mirvish Village
Community Name Palmerston-Little Italy
Amenities Near By Place Of Worship, Public Transit, Schools
Features Lane
Parking Space Total 2
Structure Deck, Porch

Building

Bathroom Total 6
Bedrooms Above Ground 5
Bedrooms Below Ground 2
Bedrooms Total 7
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 3
Type Other
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 125 Ft
Size Frontage 22 Ft
Size Irregular 22 X 125 Ft
Size Total Text 22 X 125 Ft

Rooms

Level Type Dimensions
Second Level Bedroom 2.44 m x 3.56 m
Second Level Living Room 4.37 m x 3.99 m
Second Level Bedroom 4.83 m x 4.22 m
Second Level Kitchen 2.9 m x 2.34 m
Second Level Living Room 2.44 m x 3.05 m
Third Level Living Room 3.35 m x 4.06 m
Main Level Living Room 4.57 m x 4.01 m
Main Level Bedroom 4.11 m x 5.21 m
Main Level Kitchen 2.13 m x 2.49 m
Main Level Living Room 5.44 m x 3.05 m
Main Level Bedroom 4.98 m x 3.4 m
Main Level Kitchen 3.71 m x 2.13 m

https://www.realtor.ca/real-estate/27788408/557-markham-street-toronto-palmerston-little-italy-palmerston-little-italy

Contact Us

Contact us for more information

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Daniel Todd Freeman
Broker

(416) 937-5556
www.torontorealestate.org

Freeman Real Estate Ltd.
988 Bathurst Street
Toronto, Ontario M5R 3G6

(416) 535-3103
(416) 535-3106
www.facebook.com/FreemanRealEstateltdbrokerage
twitter.com/Freeman_Realty

Nancy Freeman
Salesperson

(416) 535-3103
www.freemanrealty.com/
http//www.facebook.com/FreemanRealEstateltdbrokerage

Freeman Real Estate Ltd.
988 Bathurst Street
Toronto, Ontario M5R 3G6

(416) 535-3103
(416) 535-3106
www.facebook.com/FreemanRealEstateltdbrokerage
twitter.com/Freeman_Realty

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