For sale · Store W Apt/Office · 2-Storey
492 Manning Avenue.
Palmerston-Little Italy, Toronto, ON M6G 2V7
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
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
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Lower | 4.65 × 4.9 m | combined w/dining · family size kitchen · fireplace |
| Foyer | Main | 1.14 × 3.15 m | W/O To Patio |
| Dining Room | Main | 4.65 × 4.45 m | combined w/living · w/o to yard |
| Cold Room/Cantina | Lower | 1.98 × 2.95 m | B/I Shelves |
| Kitchen | Main | 4.65 × 4.45 m | open concept · combined w/dining · family size kitchen |
| Primary Bedroom | Second | 3.96 × 3.05 m | walk-in closet(s) · east view · hardwood floor |
| Living Room | Main | 3.45 × 4.57 m | open concept · w/o to yard · combined w/dining |
| Bedroom 2 | Second | 3.35 × 2.9 m | south view · hardwood floor |
| Bedroom 3 | Second | 2.9 × 2.95 m | west view · hardwood floor |
| Bedroom | Lower | 3.66 × 3.96 m | closet · tile floor · w/o to yard |
| Other | Main | 4.14 × 10.69 m | tile floor · open concept · 2 pc ensuite |
| Foyer | Lower | 3.51 × 2.95 m | window · walk-out · tile floor |
| Living Room | Lower | 3.48 × 4.52 m | open 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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- Mortgage—
- Mortgage insurance (added to loan)—
- Property tax—
Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
Sale and listing history
Past sales at this address are for members
A free account shows past sale prices and dates, sold prices nearby, and alerts when similar homes list.
The area
Listing brokerage · MLS® C14033028Freeman Real Estate Ltd.Data last updated Oct 24, 2026 4:39 pm.
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