$3,199,000
Available - For Sale
Listing ID: C10422818
501 Palmerston Blvd , Toronto, M6G 2P2, Ontario
| 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. |
| Price | $3,199,000 |
| Taxes: | $13554.72 |
| Address: | 501 Palmerston Blvd , Toronto, M6G 2P2, Ontario |
| Lot Size: | 33.01 x 138.85 (Feet) |
| Directions/Cross Streets: | Bloor & Bathurst |
| Rooms: | 16 |
| Bedrooms: | 7 |
| Bedrooms +: | |
| Kitchens: | 3 |
| Family Room: | N |
| Basement: | Full, Unfinished |
| Approximatly Age: | 100+ |
| Property Type: | Detached |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Rt-Of-Way |
| Drive Parking Spaces: | 5 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Property Features: | Hospital, Library, Park, Place Of Worship, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| FREEMAN REAL ESTATE LTD. |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Palmerston-Little Italy |
| Style: | 3-Storey |
| Lot Size: | 33.01 x 138.85(Feet) |
| Approximate Age: | 100+ |
| Tax: | $13,554.72 |
| Beds: | 7 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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