499 Palmerston Boulevard

Grand 3-storey residence with a private drive on a superb 29' x 138' lot in a prime south Annex location! Presently 3 large self-contained suites, all separately metered for hydro & natural gas. Perfect for Buyer to occupy the largest suite on the upper two floors and receive solid rental income from two units, or create the ideal co-ownership or multigenerational living opportunity. This large, solid brick home is approximately 3700 sq. ft over 4 levels, including a professionally underpinned basement w/8-foot ceilings. The 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. The 3rd floor has been renovated into an expansive full-floor retreat featuring a large primary bedroom with 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. Large 2-bedroom basement Apt. with amazing 8 foot ceilings, each bedroom has its own en-suite bath w/shower. 200-amp service, modern wiring & plumbing. Parking via private drive. The lot extends an impressive 138 feet from the private drive to an incredible back yard with mature trees that provide 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.

Water Meter, Private