499 Palmerston Boulevard

About This Property

Prime South Annex!! Grand 3-storey residence with private drive on a superb 29' x 138' lot. Presently 3 large self-contained suites, all separately metered for hydro & natural gas. Largest suite on the upper two floors is owner occupied, main floor & basement units leased month-to-month. Move-in and receive solid rental income from two units, or create the ideal co-ownership or multigenerational living opportunity. Very large solid brick home, approximately 3700 sq. ft over 4 finished levels. Upper 2nd & 3rd floor suite provides a flexible floor plan that can convert to up to 3-bedrooms. Full of natural light w/hardwood floors, gas fireplace and a splendid sunroom overlooking a private back yard. 3rd floor renovated into an expansive full-floor retreat featuring a large primary bedroom w/9.5 foot ceilings, exposed brick, walk-in closet, en-suite bathroom/laundry and a walk-out to a roof top deck. Charming main floor 2 bedroom unit with many period details intact including antique gas fireplace, hardwood floors, separate dining room & spacious kitchen. Basement professionally underpinned in 2001 (w/permits) and finished into a large 2-bedroom apt. w/2 full baths & amazing 8 foot ceilings. 200-amp service with modern wiring & plumbing. Parking via ultra rare private drive. Impressive lot with mature trees providing a serene natural setting with endless possibilities for gardening enthusiasts. Originally built as a single family residence, this home can be re-imagined back into a majestic single family home, now or down the road. Located in a prime mid-block location south of Bloor on a street famous for its iconic cast iron street lamps. Property qualifies for a Garden Suite, report attached. Within easy walking distance to fabulous local shops, cafes & restaurants, Hot Docs Cinema, BMV Books, Metro, University of Toronto & Bloor Subway.