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501 Palmerston Boulevard Toronto (Palmerston-Little Italy), Ontario M6G 2P2

7 Bedroom 3 Bathroom
Radiant Heat

$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 sizeable 33ft wide lot features a deep backyard (138 ft) , detached garage, and space for approx. 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 rarely offered Palmerston property offers both a rare investment 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. Don't miss the chance to own a piece of Toronto's 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:35492)

Property Details

MLS® Number C10422818
Property Type Single Family
Community Name Palmerston-Little Italy
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools
Parking Space Total 6

Building

Bathroom Total 3
Bedrooms Above Ground 7
Bedrooms Total 7
Appliances Dryer, Refrigerator, Stove, Washer
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Exterior Finish Brick
Flooring Type Hardwood, Ceramic
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 3
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 138 Ft ,10 In
Size Frontage 33 Ft
Size Irregular 33.01 X 138.85 Ft
Size Total Text 33.01 X 138.85 Ft

Rooms

Level Type Dimensions
Second Level Living Room 3.4 m x 5.26 m
Second Level Kitchen 2.87 m x 2.82 m
Second Level Bedroom 3.45 m x 3.3 m
Second Level Bedroom 2 2.28 m x 2.34 m
Second Level Bedroom 3 3.78 m x 3.66 m
Third Level Living Room 3.89 m x 4.09 m
Third Level Bedroom 3.96 m x 2.82 m
Main Level Living Room 3.05 m x 4.47 m
Main Level Bedroom 4.01 m x 4.88 m
Main Level Kitchen 2.74 m x 2.24 m
Main Level Bedroom 2 3.58 m x 3.35 m
Main Level Bedroom 3 3.84 m x 3.28 m

https://www.realtor.ca/real-estate/27647854/501-palmerston-boulevard-toronto-palmerston-little-italy-palmerston-little-italy

Interested?

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Daniel Todd Freeman
Broker

(416) 937-5556
www.torontorealestate.org

Freeman Real Estate Ltd.
988 Bathurst Street
Toronto, Ontario M5R 3G6

(416) 535-3103
(416) 535-3106
https://www.facebook.com/FreemanRealEstateltdbrokerage
https://twitter.com/Freeman_Realty

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