499 Palmerston Boulevard, Palmerston-Little Italy M6G 2P2

Description

Prime South Annex! Grand Edwardian home on the Boulevard with a huge 29x138 foot lot & private drive! **Presently 3 large self-contained suites, all separately metered for hydro & natural gas with each unit controlling their own heat. Perfect opportunity for new owner to occupy the upper 2-storey suite while receiving solid rental income from 2 units. Approximately 3700 sq. ft over 4 levels, including a professionally underpinned basement with 8-foot ceilings. Seller occupies the largest suite on the 2nd & 3rd floor with a flexible floor plan that can easily convert to a 3-bedroom. Bathed in natural light w/hardwood floors, gas fireplace & a splendid sunroom overlooking the private back yard. Third floor bedroom sanctuary with 9.5 ' ceilings, exposed brick, en-suite bath, steam sauna, en-suite laundry and walk-out to a roof top deck. Main floor suite has 2 bedrooms, dining room, gas fireplace, hardwood floors & spacious kitchen. Large spacious 2-bedroom basement Apt. w/ 8 foot ceilings, each bedroom has its own en-suite bath w/shower. 200-amp service, modern wiring & plumbing. Ideal opportunity for co-ownership or multigenerational living. Incredible 138 foot lot extends from the private drive to the incredible back yard where mature trees provide a natural setting with endless possibilities for gardening enthusiasts. Originally built as a single family residence, this home can be transformed back into a majestic single-family residence- now or down the road. Located in a prime mid-block location south of Bloor on a street famous for its iconic original cast iron street lamps. Property qualifies for a Garden Suite, report attached. Just steps to local shops, cafes & restaurants, the Hot Docs Cinema, BMV Books, Metro, University of Toronto & Bathurst Subway.