565 Markham St
Palmerston-Little Italy, Downtown Toronto, M6G 2L6
FOR SALE
$2,888,000
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6 + 2
BEDROOMS4
BATHROOMS2 + 1
KITCHENS11 + 4
ROOMSC11915436
MLSIDContact Us
Property Description
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!
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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 an A1 location.
Nearby Intersections
Bloor & Bathurst (35)
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 $2,888,000, which is $845,500 (41.4%) higher than the average sold price of $2,042,500 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 6 bedroom home in Downtown Toronto declined by $923,500 (31.1%) compared to the previous 30 day period (November 18 - December 17) and up $58,100 (2.9%) from the same time one year ago.Inventory Change
There were 18 6-bedroom homes listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is up 38.5% compared with the previous 30 day period (November 18 - December 17) and up 350.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Downtown Toronto typically sold ($182,500) (8.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $172,358 decrease compared to the previous 30 day period (November 18 - December 17) and ($79,180) less 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 (December 18 - January 16) stood at 11.1%, down from 53.8% over the previous 30 days (November 18 - December 17) and down from 125.0% 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 63 days when successfully sold over the last 30 days (December 18 - January 16), compared to 126 days before being removed from the market upon being suspended or terminated.Listing contracted with Freeman Real Estate Ltd.
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