244 Markham Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Trinity-Bellwoods. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,699,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 24.5 x 129 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- Efficient forced air heating via gas
Description
Live in 1 unit rent out 2 or rent all 3 or multi family home the possibilities are endless for this renovated, move-in-ready triplex in the heart of Trinity Bellwoods. This well-maintained property has historically generated approximately $132,000 in gross annual income. Rare oversized double car garage. The top-floor unit is currently leased to AAAA tenants for $3,256.99 per month, providing immediate stable income. The main 4-bedroom 2-bath unit and lower 3-bedroom unit are intentionally vacant, offering flexibility for an end-user or investor, all units have historically leased quickly. Ideally located within walking distance to University of Toronto, trendy shops, renowned restaurants, vibrant nightlife, transit, and major destinations, including College Street University of Toronto and OCAD. Enjoy the best of downtown living in one of Toronto's most sought-after neighbourhoods, known for its vibrant community, walkability, and proximity to parks, cafés, and boutique shopping.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 244 Markham Street, Toronto C01, ON M6J 2G6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,699,000 in Toronto, the legal minimum down payment is $339,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $30,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $30,455 also applies, bringing the total estimated land transfer taxes to $60,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
