555 Markham Street

Nestled in the vibrant community of Palmerston-Little Italy, this stunning semi-detached house for sale in Toronto at 555 Markham Street, Toronto, offers an impressive 4,000 square feet of finished living space spread across four levels. This substantial residence is a rare find, boasting a two-car garage with the potential for a laneway suite, making it an excellent investment opportunity for those seeking long-term value in one of Toronto's most desirable neighbourhoods.

The exterior of the property features a classic brick façade, which is both attractive and durable. Upon entering this house for sale in Toronto, you are greeted by bright interiors that showcase engineered hardwood flooring and updated windows, ensuring a modern and inviting atmosphere. The main kitchen is spacious and well-appointed, featuring a large island and a walk-in pantry that opens up to a sunken family room. This area overlooks a private urban garden, providing a serene escape from the hustle and bustle of city life.

This house for sale in Toronto includes five generously sized bedrooms, which are located on the upper levels. Among these is a top-floor retreat that offers direct access to a private rooftop terrace, where you can enjoy stunning skyline views—a perfect spot for relaxation or entertaining guests. Additionally, there are two dens that can be utilised as home offices or additional living spaces, catering to a variety of lifestyle needs.

The property also features three bathrooms, ensuring ample facilities for family and guests alike. The finished lower level provides additional living space with excellent ceiling height, making it a versatile area that can be adapted to suit your requirements. Whether you envision a games room, a home gym, or an extra guest suite, the possibilities are endless.

For climate control, the house is equipped with wall unit air conditioning, providing comfort during the warmer months. The heating system is water-based, ensuring warmth throughout the colder seasons. The property is connected to municipal water and sewer services, adding to the convenience of urban living.

While this house for sale in Toronto does not include a pool, it compensates with its prime location. Situated just steps away from the University of Toronto, the property offers easy access to public transit, a variety of restaurants, cafés, and parks. Cultural landmarks such as Yorkville and the Royal Ontario Museum (ROM) are also nearby, enriching the living experience in this dynamic area. Furthermore, top-ranked schools are within close proximity, making it an ideal choice for families.

Parking is made easy with a detached two-car garage, and while there is no additional parking space available, the lane driveway provides convenient access. The property is being sold under power of sale and will be sold in 'as is, where is' condition, offering a unique opportunity for buyers looking to make their mark in this sought-after community.

In summary, this remarkable house for sale in Toronto at 555 Markham Street, Toronto, presents an exceptional opportunity for both end users and investors. With its generous living space, desirable features, and prime location in Palmerston-Little Italy, this residence is sure to impress. Don't miss your chance to own a piece of this vibrant neighbourhood, where modern living meets urban charm. Whether you are looking for a family home or an investment property, this house for sale in Toronto is not to be overlooked.

Palmerston-Little Italy is a vibrant and culturally rich neighbourhood nestled in the heart of Toronto, renowned for its eclectic mix of historic charm and modern conveniences. This area boasts tree-lined streets, a diverse array of cafes, restaurants, and boutiques, reflecting its Italian heritage while embracing a multicultural atmosphere. Residents enjoy easy access to parks, local markets, and public transport, making it a convenient hub for urban living. The lively community spirit is palpable, with regular events and festivals celebrating its rich cultural tapestry, making Palmerston-Little Italy an inviting place for anyone seeking a dynamic and engaging environment in which to live.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance of 0.6 km, you will find Clinton Street Junior Public School, a highly-rated elementary school with a rating of 9, and King Edward Junior and Senior Public School, which serves grades JK to 8 and has a rating of 6.8. For secondary education, Harbord Collegiate Institute, located just 0.3 km away, offers grades 9 to 12 and boasts an impressive rating of 8.8. Additionally, there are other options such as Lord Lansdowne Junior Public School, which offers French-language instruction, and St. Francis Assisi Catholic School, a Catholic institution rated 4.7, both within a 1 km radius. For older students, St. Joseph's College School, rated 7.6, is located 1.8 km away. Overall, the area provides a diverse range of educational opportunities, catering to various preferences and needs, ensuring that your children have access to quality education right at their doorstep.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 540 residents. The average household size is 2, and the average age is 40.2 years. The area boasts a high average household income of $138,000, with only 8.8% of the population classified as low-income. The housing market reflects this affluence, with an average property price of $2,080,000. The community is characterized by a significant proportion of single individuals, comprising 51.52% of the population, while 30.77% of households include children. Additionally, 20.35% of residents are immigrants, contributing to the area's diversity. A notable 66.07% of the population are renters, indicating a rental-dominated housing landscape, with no condos present. Education levels are high, with 71.03% of residents holding a college or university degree. However, 18.69% of the population is not in the labor force, suggesting a mix of employment status within the community. Overall, this area presents a blend of affluence, diversity, and educational attainment, making it an attractive location for potential buyers or investors.