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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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492 Manning Avenue Toronto C01
For SalePalmerston-Little Italy

492 Manning Avenue Toronto C01, Store W Apt/Office for Sale

MLS® C14032992

Palmerston-Little Italy, Toronto, ON

25 days on market
$1,899,000
Show on Map
Show on Map
N/ABeds
N/ABaths
2,990Sqft
N/AParking
Store W Apt/Office

Overview· 492 Manning Avenue Toronto

MLS® #C14032992

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.

Inclusions

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.

Exclusions

Items belonging to tenants, all Salon tools, products and chattels.

Broker

FREEMAN REAL ESTATE LTD.

Neighbourhood

Palmerston-Little Italy

Walk 91Avg $2.17MArea guide

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Walk Score®91Walker's ParadiseWalker's Paradise
Transit Score®94Rider's ParadiseRider's Paradise
Bike Score®100Biker's ParadiseBiker's Paradise
Schools10034 schools within 1.5 km · nearest 178 m34 schools within 1.5 km · nearest 178 m
Parks749 parks within 1 km · nearest 170 m9 parks within 1 km · nearest 170 m
Convenience7747 groceries, cafes and pharmacies within 1 km · nearest 399 m47 groceries, cafes and pharmacies within 1 km · nearest 399 m
Safety31Safer than 31% of Toronto neighbourhoods (2025)Palmerston-Little Italy: 1,594 incidents per 100,000 residents in 2025, across all crime types, ranked against 158 Toronto neighbourhoods. Toronto counts resident population only, so business and entertainment districts rank worse than residents experience. Source: Toronto Police Services.

Highlights & Amenities· 492 Manning Avenue Toronto

Source: MLS® listing data
492 Manning Avenue Toronto

Store W Apt/Office

492 Manning Avenue Toronto

Palmerston-Little Italy

Built

100+

Type

Store W Apt/Office

Parking

Lane

Property Tax

~$10,834/yr

Heating

Gas Forced Air Closed

Buying Essentials

Square Feet

2990 sqft

Parking

Lane

Finances

List Price

$1,899,000

Price per SQFT

$635/sqft

Property Tax

~$10,834/yr

Property Specs

Property Type

Store W Apt/Office

MLS Size

2990 sqft

Age of Building

100+

Living & Amenities

Heating Type

Gas Forced Air Closed

Policies & Utilities

Neighbourhood

Palmerston-Little Italy

Listed On

Oct 13, 2026

Public Transit

Price & Listing History

Days on Market

Current: 25 days

0306090120+

Rooms

Room information is not available for this listing.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$7,638/mo
Property Tax$903/mo
Total Monthly$8,541

Monthly Cash Flow (investors)

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Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0