House of the Week: $1.6 million for a Little Italy Victorian with a rental unit

House of the Week: $1.6 million for a Little Italy Victorian with a rental unit

Address: 392 Markham Street
Neighbourhood: Palmerston-Little Italy
Agent: Ophira Sutton, Sutton Group-Associates Realty Inc., Brokerage
Price: $1,590,000

The Place: A well-maintained Victorian semi in Little Italy, with lots of classic details.

Bragging Rights: Many of Toronto’s Victorians have been stripped of any character by super-contemporary renos, while others are in serious need of work. This one falls in the middle, with well-maintained antique fireplaces, crown moulding and decorative ceiling medallions.

Big Selling Point: The self-contained unit on the third floor is currently being used as an income property. It has a kitchen, bathroom and private deck.

Possible Deal Breaker: The master bedroom doesn’t have an en suite bathroom, but the third floor has the potential to be transformed into a luxurious master suite—provided the new owner is willing to oust the current tenant.

By The Numbers:

• $1,590,000
• $8,404.98 in property taxes (2014)
• 2,945 square feet
• 1,186-square-foot partially finished basement
• 12-foot ceilings on the main floor
• 5 bedrooms
• 3 bathrooms
• 3 storeys
• 3 fireplaces
• 2 kitchens
• 1 self-contained third-floor unit
• 1 upper deck
• 1 parking spot