501 PALMERSTON BOULEVARD

Toronto (Palmerston-Little Italy), Ontario, M6G2P2, Canada

$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.

Virtual Tour: https://tour.uniquevtour.com/vtour/501-palmerston-blvd-toronto

Last updated on : Wednesday 13th of November 2024 06:37:34 PM

ADDRESS

Street : 501 PALMERSTON BOULEVARD

City : Toronto (Palmerston-Little Italy)

Province : Ontario

Country : Canada

Postal Code : M6G2P2

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PROPERTY SUMMARY

Property ID : C10422818

Building Type : House, Detached

Property Type : Single Family

Bedrooms : 7

Bathrooms : 3

Parking : 6

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