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:4069)
| Address |
557 MARKHAM STREET |
| List Price |
$2,999,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Other |
| Area |
Ontario |
| Sub-Area |
Toronto (palmerston Little Italy) |
| Bedrooms |
7 |
| Bathrooms |
6 |
| Lot Size |
22 x 125 FT Sq. Ft. |
| MLS® Number |
C10454156 |
| Listing Brokerage |
FREEMAN REAL ESTATE LTD.
|
| Basement Area |
N/A (Finished) |
| Postal Code |
M6G2L6 |
| Site Influences |
Place of Worship, Public Transit, Schools |
| Features |
Lane |
