501 PALMERSTON BOULEVARD, Toronto, Ontario M6G 2P2
$3,199,000.00
- 7 bedrooms
- 3 bathrooms
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. ... read more
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! (id:25417)
- Listing ID: C10422818
- Property Type: Single Family
Property | |
---|---|
Ownership: | Freehold |
Lot Size: | 33.01 by 138.85 FT |
Parking: | Detached Garage 6 Spaces |
Building | |
---|---|
Type: | Single Family House |
Appliances: | Refrigerator, Stove, Washer and Dryer |
HVAC: | Fireplace and Radiant Heat Natural Gas |
Exterior: | Brick |
Basement: | Full (Unfinished) |
Utilities: | Sanitary Sewer |
Location | |
---|---|
City: | Toronto (Palmerston-Little Italy) |
Province: | Ontario |
Nearby Amenities: | Hospital, Park, Place Of Worship, Public Transit and Schools |
Rooms | Level | Dimensions |
---|---|---|
Living room | Second level | 3.4 m x 5.26 m |
Kitchen | Second level | 2.87 m x 2.82 m |
Bedroom | Second level | 3.45 m x 3.3 m |
Bedroom 2 | Second level | 3.28 m x 2.34 m |
Bedroom 3 | Second level | 3.78 m x 3.66 m |
Living room | Third level | 3.89 m x 4.09 m |
Bedroom | Third level | 3.96 m x 2.82 m |
Living room | Main level | 3.05 m x 4.47 m |
Bedroom | Main level | 4.01 m x 4.88 m |
Kitchen | Main level | 2.74 m x 2.24 m |
Bedroom 2 | Main level | 3.58 m x 3.35 m |
Bedroom 3 | Main level | 3.84 m x 3.28 m |
Book a showing to see this Palmerston Boulevard Home in Toronto
This property has so much to offer. Book a private showing now, as you do not want to miss out on 501 PALMERSTON BOULEVARD in Toronto, Ontario!
Private Showing Request
Send a request to book a private showing for
.
Please Note: Information you supply in the contact form will be kept fully confidential.
Is this home the right property for you? Start a conversation to find out.
Get Directions to this Property
Not sure where this property is? Get directions to this Palmerston Boulevard Home in Toronto.
Provided by FREEMAN REAL ESTATE LTD.. MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Have questions or need more information about this home? Don't know where to begin? Then, let us connect you with the best real estate agent to guide you.
Inquiries submitted through this website will be responded to by a local sales representative from Royal LePage®.
Start a Conversation by Text
Provide your full name, phone and email to start a conversation by text message.
Please Note: Information you supply in the contact form will be kept fully confidential.
Start a Conversation by Email
Provide your full name and email to start a conversation by email.
Please Note: Information you supply in the contact form will be kept fully confidential.