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For sale · Store W Apt/Office · 2-Storey

492 Manning Avenue.

Palmerston-Little Italy, Toronto, ON M6G 2V7

On the market15 days
MLS® C14033028Courtesy of Freeman Real Estate Ltd.
Bedrooms3+1Plus 1 more
Bathrooms3
Lot18.87 x 124 ftFrontage by depth, as listed
Parking2Attached

Balanced market

House market in Palmerston-Little Italy. Sales and new listings are roughly in step, so neither side has a clear edge. Homes here sell in about 20 days. Market data

Sales-to-new-listings ratio, last 3 months: 48%
Months of supply: 4.0

What it means

  • Balanced market in Palmerston-Little Italy: houses take about 20 days to sell.
  • About 4.0 months of houses for sale in Palmerston-Little Italy at the current pace of sales.

At a glance

Property taxes$10,834 / year
BasementApartment, Finished with Walk-Out
Size1,500–2,000 sq ft
Possession30-60 days -TBD

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.

Home details

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The homeproperty type, style, size, heating
Property type
Store W Apt/Office
Style
2-Storey
Size
1,500–2,000 sq ft
Heating
Forced Air
Cooling
Central Air
Basement
Apartment, Finished with Walk-Out
Lot size
18.87 × 124 feet
Possession
30-60 days -TBD
Parking and storageparking, garage
Parking
2
Garage
Attached
Fees and taxesproperty taxes, price per sq ft
Property taxes
$10,834 (2025)
Price per sq ft
$1,085
Rooms13 rooms with sizes
RoomLevelSizeFeatures
KitchenLower4.65 × 4.9 mcombined w/dining · family size kitchen · fireplace
FoyerMain1.14 × 3.15 mW/O To Patio
Dining RoomMain4.65 × 4.45 mcombined w/living · w/o to yard
Cold Room/CantinaLower1.98 × 2.95 mB/I Shelves
KitchenMain4.65 × 4.45 mopen concept · combined w/dining · family size kitchen
Primary BedroomSecond3.96 × 3.05 mwalk-in closet(s) · east view · hardwood floor
Living RoomMain3.45 × 4.57 mopen concept · w/o to yard · combined w/dining
Bedroom 2Second3.35 × 2.9 msouth view · hardwood floor
Bedroom 3Second2.9 × 2.95 mwest view · hardwood floor
BedroomLower3.66 × 3.96 mcloset · tile floor · w/o to yard
OtherMain4.14 × 10.69 mtile floor · open concept · 2 pc ensuite
FoyerLower3.51 × 2.95 mwindow · walk-out · tile floor
Living RoomLower3.48 × 4.52 mopen concept · combined w/office · tile floor
What is includedAppliances and fixtures

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.

What it could cost each month

— a month, estimated

With 20% down. Includes property tax. Estimate only.

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Sale and listing history

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The area

Listing brokerage · MLS® C14033028Freeman Real Estate Ltd.Data last updated Oct 24, 2026 4:39 pm.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under licence.

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