492 Manning Avenue, Toronto (Palmerston-Little Italy) - Retail for Sale
492 Manning Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G2V7
2 parking2,990 ft²Listed 21 days ago
Overview
This retail property in Toronto is for sale offering roughly 2,990 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 56 days.
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:66096)
Property Details
MLS®
C14032992
Property Type
Retail
Zoning
R (d0.6*735)
Parking
2
Interior Size
2,990 ft²
Frontage
18 ft
Building Area
2,990 ft²
Heating
Forced air, Natural gas
Cooling
Partially air conditioned
Property Tax
$10,833.63/yr
Listed
21 days ago
Features
Appliances
Alarm System, Window Coverings
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
21d
Toronto (Palmerston-Little Italy) listings, avg age
56d
Price / ft²
$635
List price
$1.90M
Active: 21 days on market, against an average age of 56 days across the listings currently for sale in this city
Market timing · days on market0 → 56d avg age of current listings
Active · day 21
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.
Haho
This retail in Toronto (Palmerston-Little Italy) has been listed for 21 days, which is 35 days fresher than the city average of 56. Act while there is still low competition.
Listed by FREEMAN REAL ESTATE LTD. · DANIEL TODD FREEMAN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (M6G)
This home lists at $1,899,000, about 20.9× the local median household income of $91,000.
Carrying it typically needs a household income of about $370,941 (20% down, 25-yr amortization, stress-tested) — roughly 308% 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)
$1,899,000· $635/ft²
For sale
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