557 Markham Street, Toronto, ON M6G 2L6, Toronto C01, ON
Bed 7
Bath 6
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.
Property Highlights
For Sale
MLS NO.
C11917272
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
7
Bathrooms
6
Parking
2.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
C11917272
Total Bedrooms
7
Bedrooms Above Grade
5
Bedrooms Below Grade
2
Total Bathrooms
6
Total Kitchens
6
Kitchens Above Grade
5
Kitchens Below Grade
1
Rooms Above Grade
14
Rooms Below Grade
5
Interior Features
On Demand Water Heater, Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Other
Roof
Unknown
Lot Width
22.0
Parking Features
Lane
Parking Total
2.0
Covered Spaces
2.0
Garage Type
Detached
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
557 Markham Street, Toronto, ON M6G 2L6
City
Toronto C01
Neighbourhood
Palmerston-Little Italy
County / Region
Toronto
Province / State
ON
Postal Code
M6G 2L6
Cross Street
Bathurst & Bloor (Steps to transformed Mirvish Village)
List Price
$2,988,000
Annual Taxes
$9,771
Tax Year
2024
Legal Description
PT LT 7-8 PL 636 CITY WEST AS IN CT841347; CITY OF TORONTO
Possession Details
TBD
Listing Office
FREEMAN REAL ESTATE LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2025-01-10T16:07:26Z
Media Updated
2025-01-10T16:07:26Z
Photos Updated
2025-01-10T16:07:26Z
Last Modified
2025-01-16T19:47:06Z
System Modified
2025-10-12T08:22:48.168373Z
MLS Status
Terminated
Architectural Style
2 1/2 Storey
Basement
Apartment, Finished with Walk-Out
Ddfyn
Yes
Expiration Date
2025-06-30
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
No
Occupant Type
Partial
Originating System Id
A00001796
Parcel Number
212540224
Parking Spaces
2
Property Features
Fenced Yard, Place Of Worship, Public Transit, School
Public Remarks
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.
