$3,199,000

7 Bed, 3 Bath, 3-Storey home is located near Bloor & Bathurst in Palmerston-Little Italy.

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!

501 Palmerston Blvd, Toronto is a 7 bedroom, 3 bathroom residential 3-Storey detached home. 501 Palmerston Blvd, Toronto is conveniently located in the Palmerston-Little Italy neighbourhood of Toronto Ontario. 501 Palmerston Blvd, Toronto is an MLS®-Listed home with an asking price of $3,199,000. This residential property has been listed on ctfrealty.com for 1 days. The home is 100+ years old. Based on the Listing Price of 501 Palmerston Blvd, Toronto, the estimated monthly mortgage payment would be $15,457. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 501 Palmerston Blvd, Toronto are approximately $13,555/year based on 2024 assessment.

This 3-Storey detached home located at 501 Palmerston Blvd, Toronto features a Brick exterior. The lot size of this East facing property is 33.01 x 138.85 feet. The property has 5 parking spaces with 1 car Detached garage. The home has Gas fueled Radiant heating and has no air conditioning. The living room at main level has french doors, window. The bedroom at main level has window. The kitchen at main level has ceramic floor, window. The 2nd bedroom at main level has hardwood floor, closet. The 3rd bedroom at main level has hardwood floor, w/i closet, window. The living room at 2nd level has hardwood floor, window. The kitchen at 2nd level has eat-in kitchen, ceramic floor, window. The bedroom at 2nd level has hardwood floor, closet, window. The 2nd bedroom at 2nd level has hardwood floor, closet, window. The 3rd bedroom at 2nd level has hardwood floor, window. The living room at 3rd level has w/o to deck, hardwood floor. The bedroom at 3rd level has hardwood floor. Features of 501 Palmerston Blvd, Toronto include hospital, library, park, place of worship, public transit, school.