$1,899,000
Est. payment $8,408/moCalculate yours
492 Manning Avenue, Toronto, ON M6G 2V7
Palmerston-Little Italy, Toronto, ON M6G 2V7
- 3 + 1 Beds
- 3 Baths
- 2 Garage
- 1,500 Sq Ft
Listing courtesy of FREEMAN REAL ESTATE LTD. MLS® C14033028
About this home
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.
Property details
Overview
- Property Type
- Store W Apt/Office
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 3 + 1
- Bathrooms
- 3
- Kitchens
- 2
- Basement
- Apartment, Finished with Walk-Out
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 18.87 x 124 Feet
- Parking
- Attached garage · 2 total
Financial
- Property Taxes
- $10,834 (2025)
Location
- Neighbourhood
- Palmerston-Little Italy
- Cross Street
- Harbord & Bathurst
- Direction Faces
- West
Listing
- MLS® Number
- C14033028
- Days on Market
- 5
- Listed On
- 2026-10-13
- Possession
- 30-60 days -TBD
- Listed By
- FREEMAN REAL ESTATE LTD.
Rooms
Features
Interior
- Auto Garage Door Remote
- Carpet Free
- In-Law Capability
Property
- Fenced Yard
- Park
- Place Of Worship
- Public Transit
- School
Pool
- None
- Included
- 2 Fridges, 2 Stoves, Electric Light Fixtures and Ceiling Fans, All window coverings not belonging to tenants, Auto Garage door and remote. All Attached Salon Fixtures, Security System for Salon.
- Excluded
- Items belonging to tenants, all Salon tools, products and chattels.
- Rental items
- Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$8,408 per month
- Principal and interest
- $8,408
- Property tax
- $903
- Condo fees
- $0
- Estimated monthly cost
- $9,311
Your mortgage
- Mortgage amount
- $1,519,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,003,308
Cash to close
- Down payment
- $379,800
- Land transfer tax (Ontario + Toronto)
- $68,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $448,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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