501 Palmerston Blvd, Toronto

501 Palmerston Blvd, Palmerston-Little Italy, Toronto M6G2P2

3-Storey, Detached House
16 Rooms Total, 3 Kitchens
5 Parking Spaces

33.01 x 138.85

Hospital, Library, Park, Place Of Worship, Public Transit, School
Full, Unfinished Basement
Brick Exterior

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!

Walk To Nearly Completed/Redeveloped Mirvish Village, U Of T, Quaint Harbord Village - B In The Heart Of Toronto's Famous Little Italy.

Plan 632 Pt Lots 119 And 120 Rp 66R32213 Parts 3 And 4

4-piece on main level
4-piece on 2nd level
3-piece on 3rd level

Main Level, 3.05m x 4.47m

Main Level, 4.01m x 4.88m

Main Level, 2.74m x 2.24m
Ceramic Floor, Window

Main Level, 3.58m x 3.35m
Hardwood Floor, Closet

Main Level, 3.84m x 3.28m
Hardwood Floor, W/I Closet, Window

2nd Level, 3.40m x 5.26m
Hardwood Floor, Window

2nd Level, 2.87m x 2.82m
Eat-In Kitchen, Ceramic Floor, Window

2nd Level, 3.45m x 3.30m
Hardwood Floor, Closet, Window

2nd Level, 3.28m x 2.34m
Hardwood Floor, Closet, Window

2nd Level, 3.78m x 3.66m
Hardwood Floor, Window

3rd Level, 3.89m x 4.09m
W/O To Deck, Hardwood Floor

3rd Level, 3.96m x 2.82m
Hardwood Floor