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
