$1,699,000

For sale

626 Manning Avenue, Toronto (Palmerston-Little Italy) - Single Family for Sale

626 Manning Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G2V9

5 beds3 baths2 parking1,750 ft²23 × 116 ft (2,645 sq ft) lot sizeListed 24 days ago

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Its $1,699,000 asking price sits right in line with the $1,729,000 median in Toronto. It has been on the market 24 days, fresher than the Toronto average of 56 days.

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Description

Palmerston-Little Italy home and investment opportunity on one of the most desirable streets in West-Central Toronto. Solid brick semi-detached Edwardian on a generous 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®: C14029538
Property Type: Single Family
Zoning: Residential R(d0.6) (x735)
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 23 × 116 ft (2,645 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Finished, Full
Heating: Baseboard heaters, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $8,110.48/yr

Rooms

Main level

Living room: 4.62 x 3.66 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Water meter, Range, Oven, Dryer, Microwave, Blinds, Water Heater, Two Refrigerators
Flooring: Hardwood
Exterior: Brick
Lot Features: Flat site, Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Toronto (Palmerston-Little Italy) listings, avg age

56d

Price / ft²

$971

List price

$1.70M

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 5-bed single family in Toronto (Palmerston-Little Italy) has been listed for 24 days, which is 32 days fresher than the city average of 56. Act while there is still low competition.

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Listed by ROYAL LEPAGE SUPREME REALTY · NICK BREWERTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$1,699,000· $971/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $339,800

Min 20%50%

Mortgage payment$7,246/mo

Property tax (est.)$676/mo

Total monthly$7,922

Cash Needed to Close

Down payment (20%)$339,800

Land transfer tax$60,910

Est. closing costs$7,597

Total cash needed$408,307

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