Gurvinder Nokwal REALTOR®
For Sale Store W Apt/Office 5 days on market

$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

Room Level Dimensions
Kitchen Lower 15′ 3″ × 16′ 1″
Foyer Main 3′ 9″ × 10′ 4″
Dining Room Main 15′ 3″ × 14′ 7″
Cold Room/Cantina Lower 6′ 6″ × 9′ 8″
Kitchen Main 15′ 3″ × 14′ 7″
Primary Bedroom Second 13′ 0″ × 10′ 0″
Living Room Main 11′ 4″ × 15′ 0″
Bedroom 2 Second 11′ 0″ × 9′ 6″
Bedroom 3 Second 9′ 6″ × 9′ 8″
Bedroom Lower 12′ 0″ × 13′ 0″
Other Main 13′ 7″ × 35′ 1″
Foyer Lower 11′ 6″ × 9′ 8″
Living Room Lower 11′ 5″ × 14′ 10″

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

Minimum for this price: $379,800 (20%)

Amortization, years

Estimated mortgage payment

$8,408 per month

Principal and interest
$8,408
Property tax
$903
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
Total, before legal fees
$448,710
Talk to me about financing

Estimates 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

492 Manning Avenue, Toronto, ON M6G 2V7 Palmerston-Little Italy, Toronto, ON M6G 2V7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,899,000 492 Manning Avenue, Toronto, ON M6G 2V7
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