Tony Tompson
Sales Representative
Century 21 Example Inc., Brokerage
Independently owned and operated.
7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6
Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184
$2,988,000
Available - For Sale
Listing ID: C11917272
557 Markham St , Toronto, M6G 2L6, Ontario
| 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. |
| Price | $2,988,000 |
| Taxes: | $9770.84 |
| Address: | 557 Markham St , Toronto, M6G 2L6, Ontario |
| Lot Size: | 22.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Bathurst & Bloor (Steps to transformed Mirvish Village) |
| Rooms: | 14 |
| Rooms +: | 5 |
| Bedrooms: | 5 |
| Bedrooms +: | 2 |
| Kitchens: | 5 |
| Kitchens +: | 1 |
| Family Room: | N |
| Basement: | Apartment, Fin W/O |
| Property Type: | Multiplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick, Other |
| Garage Type: | Detached |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 2 |
| Pool: | None |
| Property Features: | Fenced Yard, Place Of Worship, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| FREEMAN REAL ESTATE LTD. |
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Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Palmerston-Little Italy |
| Style: | 2 1/2 Storey |
| Lot Size: | 22.00 x 125.00(Feet) |
| Tax: | $9,770.84 |
| Beds: | 5+2 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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