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492 MANNING AVENUE, Toronto (Palmerston-Little Italy) — listed at $1,899,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A LITTLE ITALY UNICORN. AND YES, THEY REALLY DO EXIST! Part home, part business, part investment opportunity and ALL kinds of fabulous! Tucked away on a quiet residential street in the heart of Palmerston-Little Italy, this rare mixed-use gem is anything but ordinary. Up front, a street-level commercial space with a long history as a successful neighbourhood salon. Behind it and above, a 3-bedroom residence offering the ultimate live-work lifestyle, with vacant residential possession on closing. And there's MORE! A fully finished lower level with kitchen, new 3-piece bathroom, living space and TWO separate exits/walkouts adds another layer of incredible flexibility. Out back? A deep, grassy backyard and a substantial 2-car block garage. Seriously, what's not to love? Steps to Clinton Public School, half a block to Harbord Collegiate, and an easy stroll to U of T, Central Tech, fabulous cafés, restaurants and all the flavour of Little Italy. The property is identified under City of Toronto Zoning Exception R 735 (Chapter 900.2.10), with reported longstanding non-residential use permissions and a 0.6 FSI density rating, all subject to independent verification. Dreaming of running your business steps from home? Investing in something truly distinctive? Or creating your own urban masterpiece? Here's your chance to think outside the ordinary. Because cookie-cutter is boring. And this property is anything but! Buyer to verify zoning, permitted uses and any proposed alterations with the City of Toronto. (id:60164)
How is the space laid out across floors?+
This is a 2-storey single family. The 4 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What's the parking situation?+
This property includes 2 spaces — Attached Garage, Garage.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Palmerston-Little Italy) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $10,833.63, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How many fireplaces are there, and what type?+
This home has 1 fireplace. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
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