492 Manning AVE
Commercial $ 1,899,000

492 Manning AVE

Toronto C01, ON M6G 2V7

  • 3 Beds
  • 3 Baths
  • - Year Built
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.
Listed by FREEMAN REAL ESTATE LTD.

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Store W Apt/Office

    Listing Status Active

    Purchase Type For Sale

    Approx. Sqft 1500-2000

    Municipality Toronto C01

    Subdivision Palmerston-Little Italy

    MLS Listing ID C14033028

    Style 2-Storey

    Bedrooms 3

    Annual Tax Amount $10,833

    Tax Year 2025

    Property Sub-Type Store W Apt/Office

  • Location

    Province ON

    County Toronto

    Community Toronto C01

    Area Toronto

  • Rooms

    Family Room Yes

    Basement Apartment, Finished with Walk-Out

    Kitchen 2

    Separate Den/Office 1

  • Building

    Unit Features Fenced Yard,Park,Place Of Worship,Public Transit,School

    Foundation Unknown

  • Interior

    Interior Features Auto Garage Door Remote, Carpet Free, In-Law Capability

    Cooling Central Air

    Fireplaces Type Roughed In

    Fireplace No

    Heat Source Gas

  • Exterior

    Parking Features Lane

    Garage Spaces 2.0

    Pool None

    View Downtown

    Roof Type Unknown

    Lot Frontage 18.87

    Lot Depth 124.0

    Total Parking Spaces 2

  • Others

    Security Features Alarm System

    ParcelsYN No

    Virtual Tour https://youtu.be/CEUYepwyOsY

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Daniel Freeman

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