626 Manning Avenue, Toronto (Palmerston-Little Italy) - Business for Sale
626 Manning Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G2V9
This business in Toronto is for sale offering roughly 2,643 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 55 days.
Description
Palmerston-Little Italy residence and investment opportunity on one of the most desirable streets in West-Central Toronto. Solid brick semi-detached Edwardian house on a 22.79' x 116' lot with updated contemporary finishes throughout. Pot lights, hardwood and laminate floors and newer windows compliment original wainscotting and leaded glass windows. Ideal as an expansive residence with space for extended family and guests or multiple rental options with 4+1 bedrooms, 3+1 kitchens and 2+1 bathrooms, along with a large rear upper deck and private backyard patio for outdoor living space and entertaining. Approved plans and building permits for a 2-storey laneway house and main house conversion with addition to 4 self-contained apartment units provide additional residence and investment options. Large detached 2-car garage with electrical panel and wide laneway access. Well located in the vibrant and highly desirable Palmerston-Little Italy neighbourhood in the heart of downtown Toronto, within walking distance to great restaurants, shopping, parks, community and neighbourhood amenities and public transit. (id:66096)
Property Details
- MLS®
- C14029540
- Property Type
- Business
- Zoning
- Residential R(d0.6) (x735)
- Bathrooms
- 3
- Parking
- 2
- Interior Size
- 2,643 ft²
- Lot Size
- 23 × 116 ft (2,644 sq ft)
- Frontage
- 23 ft
- Heating
- Hot water radiator heat, Baseboard heaters, Natural gas, Radiator
- Cooling
- None
- Property Tax
- $8,110.48/yr
- Listed
- 21 days ago
Features
- Appliances
- Washer, Range, Oven, Dryer, Microwave, Blinds, Water Heater
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Active: 21 days on market, against an average age of 55 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Palmerston-Little Italy) has been listed for 21 days, which is 34 days fresher than the city average of 55. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M6G)
This home lists at $1,699,000, about 18.7× the local median household income of $91,000.
Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 265% above the area median.
- Median household income
- $91,000
- Population
- 30,600
- Median age
- 39.6
- Owner / renter
- 49% / 51%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M6G)
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$1,699,000
Toronto