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458 MARKHAM STREET, Toronto (Palmerston-Little Italy) — listed at $3,400,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Professionals or Investors, this grand beauty has been very well maintained and it represents a time of design and construction not seen in generations. There are currently 4 units plus an unoccupied professional dental office which has an entrance on Harbord Street with great exposure and is approximately 1,400 sq. ft. . Located in the heart of the Annex, you are right along Harbord Street at Markham and only steps to Bathurst, Bloor street nd the subway. This is a perfect live/work space or investment opportunity. Over 4,200 square feet, the building was extensively renovated in 1990 and the roof was fully replaced 2 years ago. There is parking at the rear with easy access off Harbord St. This bustling neighbourhood attracts people who want a beautiful downtown area with character, architecturally beautiful homes from the early 1900's and super convenient access to downtown, U of T and hospital row. Currently there are 2-two bedroom units, 1-one bedroom unit and a bachelor unit. Three of the units have their own balconies. The basement is a high and very dry basement with a seperate entrance, storage and a laundry area for the dental clinic. Plans currently exist to convert the dental office into 2 more residential units. (id:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: Separate entrance, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is 458 MARKHAM STREET a good fit for a growing family?+
With 5 bedrooms and 6 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 4 spaces — No Garage.
Could this work as an investment property?+
The basement description mentions: Separate entrance, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Palmerston-Little Italy) before counting on it.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $18,890, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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