557 MARKHAM STREET

Toronto (Palmerston-Little Italy), Ontario, M6G2L6, Canada

$2,999,000

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.

EXTRAS: Lane

Last updated on : Friday 22nd of November 2024 07:29:53 PM

ADDRESS

Street : 557 MARKHAM STREET

City : Toronto (Palmerston-Little Italy)

Province : Ontario

Country : Canada

Postal Code : M6G2L6

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PROPERTY SUMMARY

Property ID : C10454156

Building Type : Other

Property Type : Multi-family

Bedrooms : 5 + 2

Bathrooms : 6

Parking : 2

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