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Active

$1,899,000

492 Manning Ave

Toronto C01, ON M6G 2V7

492 Manning Ave, Toronto C01 — Listed at $1,899,000 Store W Apt/Office. MLS® C14032992.

Possession · seller's timeline

Flexible (30-60 Days)

477Sq Ft
Store W Apt/Office
$10,833.63Taxes/yr · 2025
See similar properties in this price range

Description

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 TypeStore W Apt/Office
CommunityPalmerston-Little Italy
Approximate Age100+
Lot Dimensions18.87 × 124 ft
Dir/Cross StCollege & Bathurst
Garage TypeLane
Heating TypeGas Forced Air Closed
A/CPartial
SewersSanitary
Taxes (2025)$10,833.63
HSTIncluded In, Not Subject to HST
SecurityNo
Listed Date10/14/2026
Days on Market29 days
Possession30-60 Days

Business Details

Property Sub-TypeStore W Apt/Office
Property UseStore With Apt/Office
Occupant TypeOwner+Tenant
Showing RequirementsGo Direct, Showing System
Possession TypeFlexible
Listing Expires3/31/2027

Commercial Space & Financials

Retail Area477 Sq Ft

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Property Insights

Listing Courtesy of: FREEMAN REAL ESTATE LTD.

MLS® #C14032992

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Toronto Real Estate

This Store W Apt/Office is located in the Palmerston-Little Italy community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
View full Toronto neighbourhood guide →