378 Markham Street

Original Remarks

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 12-1Br and 6-2Br 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.