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$ 2,999,000
Est. payment /mo
Active
557 MARKHAM STREET Toronto (palmerston-little Italy), ON M6G2L6
7 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Palmerston-Little Italy
MLS® Listing ID C10454156
Bedrooms 7
Originating Board Toronto Regional Real Estate Board
Property 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. (id:24570)
Location
State ON
Rooms
Extra Room 1 Second level 2.44 m X 3.56 m Bedroom
Extra Room 2 Second level 4.37 m X 3.99 m Living room
Extra Room 3 Second level 4.83 m X 4.22 m Bedroom
Extra Room 4 Second level 2.9 m X 2.34 m Kitchen
Extra Room 5 Second level 2.44 m X 3.05 m Living room
Extra Room 6 Third level 3.35 m X 4.06 m Living room
Interior
Heating Hot water radiator heat
Flooring Hardwood, Laminate, Tile
Exterior
Parking Features Yes
Fence Fenced yard
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by FREEMAN REAL ESTATE LTD.