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
Read More
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- The house is a semi.
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- The interior is renovated, but a lot of the older woodwork is still intact, albeit covered in white paint.
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- The living room has some nice details, like the old fireplace and the ceiling medallion.
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- Here's the dining room.
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- The kitchen has a walk-in pantry.
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- There are four bedrooms on the second floor of the house.
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- Here's one bedroom, currently being used as a den.
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- Another bedroom.
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- Yet another bedroom.
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- And the master bedroom has a bay window and some stained glass.
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- None of the bedrooms have en suite bathrooms. They all share this one.
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- The third floor has its own self-contained rental suite.
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- Here's the third-floor kitchen.
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- The third-floor bedroom.
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- And the third-floor bathroom.
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- There's not much going on in the basement, though there is a bathroom and a walk-in cedar closet down here.
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- The basement bathroom.
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- And the view from the back.
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• 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
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The rental is on the 3rd floor? That’s bizarre.
TOlife readers: in your estimation, how much does a rental like this one bring in monthly?
Sold for $1.8m.
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