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565 Markham Street
Palmerston-Little Italy Toronto M6G 2L6

$2,888,000
Freehold beds: 6+2 baths: 4.0

Main Photo: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 1: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 2: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 3: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 4: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 5: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 6: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 7: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 8: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 9: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 10: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 11: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 12: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 13: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 14: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 15: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 16: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 17: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 18: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 19: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 20: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 21: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 22: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 23: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 24: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 25: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 26: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 27: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 28: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 29: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 30: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 31: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 32: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 33: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 34: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 35: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 36: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Photo 37: 565 Markham Street in Toronto: Palmerston-Little Italy House (3-Storey) for sale (Toronto C01)  : MLS®# C11915436
Status:
Active
Prop. Type:
Freehold
MLS® Num:
C11915436
Bedrooms:
6+2
Bathrooms:
4
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!
Property Type:
Freehold
Freehold Type:
Semi-Detached
Home Style:
3-Storey
Depth:
125'
Frontage:
25'
Exposure:
East
Bedrooms:
6+2
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Rooms:
11
Rooms Below Grade:
4
Heating type:
Water
Heating Fuel:
Gas
Basement:
Apartment, Sep Entrance
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2
Parking Spaces:
0
Total Parking Spaces:
2
Driveway:
Lane
Family Room:
N
Possession Details:
TBD
Taxes:
$13,240 / 2024
Assessment:
$- / -
Floor
Type
Size
Other
Main
Living
17'1¼" × 12'4"
Bay Window, Open Concept, Combined W/Dining
Main
Kitchen
17'1¼" × 8'2¾"
Stainless Steel Appl, Pantry
Main
Br
13'10" × 11'2"
Hardwood Floor, Window, Glass Block Window
Main
Br
11'2" × 9'8"
Hardwood Floor, W/I Closet, Picture Window
Main
Mudroom
8'9⅛" × 4'4"
Closet, W/O To Garden
2nd
Living
12'10" × 10'
W/O To Deck, Combined W/Dining, Bay Window
2nd
Kitchen
16'6" × 8'6"
Open Concept, Beamed, Renovated
2nd
Br
14'1" × 11'
Hardwood Floor, Picture Window, West View
2nd
Br
12'2" × 9'10"
W/O To Deck, Hardwood Floor, East View
3rd
Br
15'8" × 15'
Hardwood Floor, 3 Pc Ensuite, Closet
3rd
Br
16'10" × 15'2"
Hardwood Floor, 3 Pc Ensuite, Double Closet
Bsmt
Kitchen
11' × 7'8"
Heated Floor, Open Concept, Combined W/Living
Floor
Ensuite
Pieces
Other
Main
-
3
2nd
-
4
3rd
-
3
Bsmt
-
3
Hospital, Library, Park, Place Of Worship, Public Transit, School
Palmerston-Little Italy
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.
Brick
None
Special Designation:
Unknown
Sewer:
Sewers
Air Conditioning:
Wall Unit
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jan 09, 2025
Original Price:
Previous Price:
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Listed by FREEMAN REAL ESTATE LTD.
Data was last updated February 6, 2025 at 03:55 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$2,124,950
Min list price:
$780,000
Max list price:
$3,765,000
Avg days on market:
58
Min days on market:
1
Max days on market:
373
These statistics are generated based on the current listing's property type and located in Toronto C01. Average values are derived using median calculations.
DAVID SPEEDIE
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