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
