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$3,199,000
Available - For Sale
Listing ID: C10422818
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: $13,554.72
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
Washrooms: 3
Kitchens: 3
Family Room: N
Basement: Full
Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living 10.00 14.66 French Doors, Window
Room 2: Main Br 13.15 16.01 Window
Room 3: Main Kitchen 8.99 7.35 Ceramic Floor, Window
Room 4: Main 2nd Br 11.74 10.99 Hardwood Floor, Closet
Room 5: Main 3rd Br 12.60 10.76 Hardwood Floor, W/I Closet, Window
Room 6: 2nd Living 11.15 17.25 Hardwood Floor, Window
Room 7: 2nd Kitchen 9.41 9.25 Eat-In Kitchen, Ceramic Floor, Window
Room 8: 2nd Br 11.32 10.82 Hardwood Floor, Closet, Window
Room 9: 2nd 2nd Br 10.76 7.68 Hardwood Floor, Closet, Window
Room 10: 2nd 3rd Br 12.40 12.00 Hardwood Floor, Window
Room 11: 3rd Living 12.76 13.42 W/O To Deck, Hardwood Floor
Room 12: 3rd Br 12.99 9.25 Hardwood Floor
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 2nd
Washroom 3:  3 3rd
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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FREEMAN REAL ESTATE LTD.

501 Palmerston Blvd , Toronto, M6G 2P2, Ontario


 
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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
Maintenance Fee: $0
Beds: 7
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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