565 Markham St
Palmerston-Little Italy, Downtown Toronto, M6G 2L6
FOR SALE
$2,899,000
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6 + 2
BEDROOMS4
BATHROOMS2 + 1
KITCHENS11 + 4
ROOMSC10433134
MLSIDContact Us
Property Description
Discover ground zero of urban living as you have found a turnkey investment that will become the diamond in your portfolio. Located in Palmerston-Little Italy, a stones throw from the revitalized Mirvish Village nearing completion, enjoy a neighbourhood known for being vibrant, walkable & loaded with urban amenities. Life-enhancing convenience at the doorstep with subway, schools, parks, shops and eclectic dining options, embracing Bloor, Bathurst and Harbord, only steps away. Featuring 3 separate, fully renovated self-contained units, spread out in spacious home-sized layouts, enjoy the modern artful kitchens, tidy and renovated bathrooms and light-filled walkouts to private outdoor spaces. The 2nd/3rd floor suite (4 bdrms) has an inspiring Manhattan brick and beam style, tenant pleasing exposed brick features, enjoying sunlight from the west-facing windows & floating staircase. The main floor suite (2 bdrm) enjoys a comfortable spacious floorplan, and presents like a showroom, with its private walk-out to garden and garage. The basement suite (2 bdrm), with its lofty enhancements, features high ceilings, heated concrete flooring and modern accents that level-up the unit to a 10 out of 10. A private garden and large 2 car garage provide other opportunities to maximize income, or provide added convenience to tenants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-03-18 | 2021-04-12 | 25 | $4,950 | $4,950 | Leased |
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 enviable location.
Nearby Intersections
Bloor & Bathurst (44)
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 3-Storey
Lot Size
25' x 125'
Fronting
East
Taxes
$13,240 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.34' x 17.09' | Bay Window, Open Concept, Combined W/Dining |
| Kitchen | Main | 8.23' x 17.09' | Stainless Steel Appl, Pantry |
| Br | Main | 13.85' x 11.15' | Hardwood Floor, Window, Glass Block Window |
| Br | Main | 11.15' x 9.68' | Hardwood Floor, W/I Closet, Picture Window |
| Mudroom | Main | 8.76' x 4.33' | Closet, W/O To Garden |
| Living | 2nd | 10.01' x 12.76' | W/O To Deck, Combined W/Dining, Bay Window |
| Kitchen | 2nd | 8.50' x 16.50' | Open Concept, Beamed, Renovated |
| Br | 2nd | 14.07' x 10.99' | Hardwood Floor, Picture Window, West View |
| Br | 2nd | 12.24' x 9.84' | W/O To Deck, Hardwood Floor, East View |
| Br | 3rd | 15.68' x 14.99' | Hardwood Floor, 3 Pc Ensuite, Closet |
| Br | 3rd | 16.83' x 15.16' | Hardwood Floor, 3 Pc Ensuite, Double Closet |
| Kitchen | Bsmt | 7.68' x 10.99' | Heated Floor, Open Concept, Combined W/Living |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
565 Markham St is a 6-bedroom 4-bathroom home listed for sale at $2,899,000, which is $964,307 (25.0%) lower than the average sold price of $3,863,307 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 6 bedroom home in Downtown Toronto increased by $512,165 (15.3%) compared to the previous 30 day period (September 24 - October 23) and up $840,807 (27.8%) from the same time one year ago.Inventory Change
There were 21 6-bedroom homes listed in Downtown Toronto over the last 30 days (October 24 - November 22), which is down 46.2% compared with the previous 30 day period (September 24 - October 23) and up 10.5% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Downtown Toronto typically sold ($130,284) (3.4%) below asking price over the last 30 days (October 24 - November 22), which represents a $7,714 decrease compared to the previous 30 day period (September 24 - October 23) and ($141,391) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Downtown Toronto over the last 30 days (October 24 - November 22) stood at 61.9%, up from 35.9% over the previous 30 days (September 24 - October 23) and down from 63.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 4-bathroom home in Downtown Toronto stood at 35 days when successfully sold over the last 30 days (October 24 - November 22), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Freeman Real Estate Ltd.
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