Added 3 days ago
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Type: Detached
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Style: 3-Storey
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Lot Size: 33.01 x 138.85 Feet
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Age: 100+ years
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Taxes: $13,555 per year
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Days on Site: 3 Days
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Added: Nov 12, 2024 (3 days ago)
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Updated:
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Last Checked: 6 hours ago
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MLS®#: C10422818
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Listed By: Freeman real estate ltd.
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.
Upcoming Open Houses
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Property
Status: Sale
Property Type: Detached
Style: 3-Storey
Age: 100+
Area: Toronto
Community: Palmerston-Little Italy
Availability Date: TBD
Inside
Bedrooms: 7
Bathrooms: 3
Kitchens: 3
Rooms: 16
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 3
Building
Basement: Full
Basement 2: Unfinished
Heat Type: Radiant
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Rt-Of-Way
Garage Spaces: 1
Garage Type: Detached
Covered Parking Spaces: 5
Total Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: PLAN 632 PT LOTS 119 AND 120 RP 66R32213 PARTS 3 AND 4
Taxes: $13,555
Highlights
Feature: Hospital
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: School
Land
Cross Street: Bloor & Bathurst
Municipality District: Toronto C01
Fronting On: East
Parcel Number: 212540294
Pool: None
Sewer: Sewers
Lot Depth: 138.85 Feet
Lot Frontage: 33.01 Feet
Additional Media
- Virtual Tour: https://tour.uniquevtour.com/vtour/501-palmerston-blvd-toronto
Rooms
Room details for 501 Palmerston Boulevard, Toronto
| Type | Dimensions | Description |
|---|---|---|
| Living Main | 4.47 x 3.05 | French Doors, Window |
| Br Main | 4.88 x 4.01 | Window |
| Kitchen Main | 2.24 x 2.74 | Ceramic Floor, Window |
| 2nd Br Main | 3.35 x 3.58 | Hardwood Floor, Closet |
| 3rd Br Main | 3.28 x 3.84 | Hardwood Floor, W/I Closet, Window |
| Living 2nd | 5.26 x 3.40 | Hardwood Floor, Window |
| Kitchen 2nd | 2.82 x 2.87 | Eat-In Kitchen, Ceramic Floor, Window |
| Br 2nd | 3.30 x 3.45 | Hardwood Floor, Closet, Window |
| 2nd Br 2nd | 2.34 x 3.28 | Hardwood Floor, Closet, Window |
| 3rd Br 2nd | 3.66 x 3.78 | Hardwood Floor, Window |
| Living 3rd | 4.09 x 3.89 | W/O To Deck, Hardwood Floor |
| Br 3rd | 2.82 x 3.96 | Hardwood Floor |
Very Walkable
- Most errands can be accomplished on foot.
Rider's Paradise
- Daily errands do not require a car.
Biker's Paradise
- Daily errands do not require a car.
Delta Senior Alternative School
Elementary: PublicSt Francis of Assisi Catholic School
Elementary: CatholicMontrose Junior Public School
Elementary: PublicClinton Street Junior Public School
Elementary: PublicPalmerston Avenue Junior Public School
Elementary: PublicKing Edward Junior and Senior Public School
Elementary: PublicMsgr Fraser Orientation Centre
Secondary: CatholicWest End Alternative School
Secondary: PublicMsgr Fraser College (Alternate Study) Secondary School
Secondary: CatholicLoretto College School
Secondary: CatholicHarbord Collegiate Institute
Secondary: PublicCentral Technical School
Secondary: Public-
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