565 Markham Street Toronto (Palmerston-Little Italy), Ontario M6G 2L6
MLS# C11915436 - Buy this house, and I'll buy Yours*

$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:51158)

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

About 565 Markham Street, Toronto (Palmerston-Little Italy), Ontario

This For sale Property is located at 565 Markham Street is a Semi-detached Single Family House set in the community of Palmerston-Little Italy, in the City of Toronto (Palmerston-Little Italy). Nearby amenities include - Hospital, Park, Place of Worship, Public Transit, Schools. This Semi-detached Single Family has a total of 8 bedroom(s), and a total of 4 bath(s) . 565 Markham Street has Hot water radiator heat heating and Wall unit. This house features a Fireplace.

The Second level includes the Living Room, Kitchen, Bedroom, Bedroom, The Third level includes the Bedroom, Bedroom, The Basement includes the Kitchen, The Main level includes the Living Room, Kitchen, Bedroom, Bedroom, Mud Room, and features a Apartment in basement, Separate entrance.

This Toronto (Palmerston-Little Italy) House's exterior is finished with Brick. Also included on the property is a Detached Garage

The Current price for the property located at 565 Markham Street, Toronto (Palmerston-Little Italy) is $2,888,000 and was listed on MLS on :2025-01-09 17:56:19

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
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

https://www.realtor.ca/real-estate/27783774/565-markham-street-toronto-palmerston-little-italy-palmerston-little-italy