501 Palmerston Boulevard Toronto, Ontario M6G 2P2
$3,199,000
Historic Palmerston Boulevard: A Rare Investment or Restoration Opportunity! Set on Toronto's iconic Palmerston Boulevard, complete with stately gates and classic lamp posts, this spacious property offers endless potential. This almost 35-ft wide lot features a deep backyard (138 ft) , detached garage, and space for five additional cars all with an open, tree-free layout. Currently configured as a three-unit income property, it boasts generously sized apartments on each floor, with the main level offering a 3-bedroom layout, the second floor providing a spacious 2/3-bedroom unit, and the third floor featuring an updated 1-bedroom apartment. Additional highlights include high ceilings, original stained/leaded glass details, bay windows, wood paneling, and fire safety measures. The unfinished basement, with its high ceilings and exposed brick/stone, awaits your vision. Current tenants enjoy shared laundry facilities and a rear staircase servicing all units for secondary access. Positioned on a charming, historic street with schools, parks, shops, and public transportation just steps away, this 4,100 square-foot property offers both a rare investment, excellent passive income for a buyer who wants to move into one of the units, and the potential to restore it to its grand single-family heritage. A feasibility report suggests the possibility of adding a garden suite at the rear an excellent enhancement for long-term value. Possibility for a 7% cap rate for an entrepreneurial investor with a vision. Dont miss the chance to own a piece of Torontos architectural legacy! **** EXTRAS **** Walk to nearly completed/redeveloped Mirvish Village, U of T, Quaint Harbord Village - B in the Heart of Toronto's famous Little Italy. (id:50886)
Property Details
| MLS® Number | C10422818 |
| Property Type | Single Family |
| Community Name | Palmerston-Little Italy |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Public Transit, Schools |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Ceramic |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 138 Ft ,10 In |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33.01 X 138.85 Ft |
| SizeTotalText | 33.01 X 138.85 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.4 m | 5.26 m | 3.4 m x 5.26 m |
| Second Level | Kitchen | 2.87 m | 2.82 m | 2.87 m x 2.82 m |
| Second Level | Bedroom | 3.45 m | 3.3 m | 3.45 m x 3.3 m |
| Second Level | Bedroom 2 | 3.28 m | 2.34 m | 3.28 m x 2.34 m |
| Second Level | Bedroom 3 | 3.78 m | 3.66 m | 3.78 m x 3.66 m |
| Third Level | Living Room | 3.89 m | 4.09 m | 3.89 m x 4.09 m |
| Third Level | Bedroom | 3.96 m | 2.82 m | 3.96 m x 2.82 m |
| Main Level | Living Room | 3.05 m | 4.47 m | 3.05 m x 4.47 m |
| Main Level | Bedroom | 4.01 m | 4.88 m | 4.01 m x 4.88 m |
| Main Level | Kitchen | 2.74 m | 2.24 m | 2.74 m x 2.24 m |
| Main Level | Bedroom 2 | 3.58 m | 3.35 m | 3.58 m x 3.35 m |
| Main Level | Bedroom 3 | 3.84 m | 3.28 m | 3.84 m x 3.28 m |
Interested?
Contact us for more information
Daniel Todd Freeman
Broker
988 Bathurst Street
Toronto, Ontario M5R 3G6
Nancy Freeman
Salesperson
988 Bathurst Street
Toronto, Ontario M5R 3G6
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November 15 2024 10:28:37
Toronto Real Estate Board
Freeman Real Estate Ltd.