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For saleMLS® C14032992

492 Manning Avenue, Toronto, ON M6G 2V7

Palmerston-Little Italy · C01 · M6G 2V7

$1,899,000

$635 / sq ft

3 weeks on market

Total area
2,990 sf
Lot
18.87 × 124 ft
Age
100+ years

What's special

  • Lane garage
  • Partial

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About this property

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

Property

Property type
retail
Interior size
2,990 sq ft
Year built
100+
Lot size
18.87 × 124 ft
Zoning
R (d0.6*735)
Possession
30-60 Days

Interior

Heating
Gas Forced Air Closed
Cooling
Partial

Exterior & services

Garage
Lane
Sewer
Sanitary

Costs

List price
$1,899,000
Property taxes
$10,834 / year (2025)
Price per sq ft
$635
Rental items
Hot Water Heater

Listing

MLS® number
C14032992
Status
For sale
Listed
October 14, 2026
Days on market
21
Last updated
October 24, 2026
Listing brokerage
FREEMAN REAL ESTATE LTD.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 25% of comparable retail listings in Palmerston-Little Italy are asking less.

$1.70MMedian $2.17M$4.65M
This home
$635 / sq ft
Comparable median
$749 / sq ft

Based on 12 comparable active retail listings in Palmerston-Little Italy. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $379,800
$379,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$8,399.92
Property tax (est.)
$902.80
Estimated monthly
$9,303

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$34,455
Toronto municipal
$34,455
Total due on closing
$68,910

An estimate on the asking price of $1,899,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of FREEMAN REAL ESTATE LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,899,000

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