501 Palmerston Boulevard, Toronto, ON M6G2P2

$3,199,000

Beds

7

Baths

3

Community

Palmerston-Little Italy

This home is not listed by a Bōde seller.

To book a viewing, reach out directly to the brokerage. To understand the elements of making an offer click here.

Property Overview

  • Home Type

    Detached

  • Building Type

    House

  • Lot Size

    4583 Sqft

  • Community

    Palmerston-Little Italy

  • Beds

    7

  • Heating

    Data Unavailable

  • Full Baths

    3

  • Cooling

    Data Unavailable

  • Parking Space(s)

    6

  • Year Built

    1925

  • Property Taxes

    $13,555

  • Days on Market

    59

  • MLS® #

    C10422818

  • Style

    Three Storey

Estimated buyer fees

List price $3,199,000
Typical buy-side realtor $79,975
Bōde $0
Saving with Bōde $79,975

When you are empowered by Bōde, you don't need an agent to buy or sell your home. For the ultimate buying experience, connect directly with a Bōde seller.

Description

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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!

Interior Details

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  • Flooring

    See Home Description

  • Heating

    See Home Description

  • Basement details

    None

  • Basement features

    Full

Exterior Details

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  • Exterior

    Brick

  • Construction type

    See Home Description

  • Roof type

    Other

  • Foundation type

    See Home Description

More Information

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Property

  • Community features

    Park, Schools Nearby

  • Multi-unit property?

    Data Unavailable

  • HOA fee includes

    See Home Description

Parking

  • Parking space included

    Yes

  • Total parking

    6

  • Parking features

    No Garage

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