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$ 3,500,000
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13,000 SqFt
$ 3,500,000
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13,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $269
Municipality Toronto C01
Subdivision Trinity-Bellwoods
MLS Listing ID C13170040
Annual Tax Amount $38,529
Tax Year 2025
Property Sub-Type Investment
Property Description
Positioned in one of Toronto's most sought-after neighbourhoods, 378 Markham St is surrounded by exceptional restaurants, cafés and retail. The building features individually metered hydro, on-site laundry, and 13-1br and 5-2br units. There are 8 vacant suites, providing a rare opportunity for immediate renovation and lease-up at full market rates. Potential to convert some 1Br to 2Br units based on SF. Upside in rental income is approximately 92% on turnover across tenanted suites. Over $1.6 million spent on capex in last 5 years on structural restoration, mechanical systems, and upgrades required to meet current building code standards.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Zoning R (d0.6*735)
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 49.5
Lot Depth 125.0
Others
Security Features Yes
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY
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