Matthew Tenk
Broker of Record
565 Markham Street Toronto (Palmerston-Little Italy), Ontario M6G 2L6
$2,888,000
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! **** EXTRAS **** 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. (id:39551)
Property Details
| MLS® Number | C11915436 |
| Property Type | Single Family |
| Community Name | Palmerston-Little Italy |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Features | Lane |
| Parking Space Total | 2 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 8 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Construction Style Attachment | Semi-detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Flooring Type | Hardwood |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 25 Ft |
| Size Irregular | 25 X 125 Ft |
| Size Total Text | 25 X 125 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.89 m | 3.05 m | 3.89 m x 3.05 m |
| Second Level | Kitchen | 5.03 m | 2.59 m | 5.03 m x 2.59 m |
| Second Level | Bedroom | 3.35 m | 4.29 m | 3.35 m x 4.29 m |
| Second Level | Bedroom | 3 m | 3.73 m | 3 m x 3.73 m |
| Third Level | Bedroom | 4.62 m | 5.13 m | 4.62 m x 5.13 m |
| Third Level | Bedroom | 4.57 m | 4.78 m | 4.57 m x 4.78 m |
| Basement | Kitchen | 3.35 m | 2.34 m | 3.35 m x 2.34 m |
| Main Level | Living Room | 5.21 m | 3.76 m | 5.21 m x 3.76 m |
| Main Level | Kitchen | 5.21 m | 2.51 m | 5.21 m x 2.51 m |
| Main Level | Bedroom | 3.4 m | 4.22 m | 3.4 m x 4.22 m |
| Main Level | Bedroom | 2.95 m | 3.4 m | 2.95 m x 3.4 m |
| Main Level | Mud Room | 1.32 m | 2.67 m | 1.32 m x 2.67 m |
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto Real Estate Board
Freeman Real Estate Ltd.
January 09 2025 05:56:19
