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Palmerston-Little Italy, Toronto
$1,849,000
Welcome to 404 Manning Ave - a rare opportunity to own a beautifully maintained 2-storey semi-detached Income Property featuring three separate self-contained apartments on a prime 25 x 130 foot lot. Offering 6 bedrooms, 3 kitchens, and 3 bathrooms, this versatile property is ideal for investors, multi-generational families, or buyers seeking a live-in income opportunity with exceptional flexibility and long-term potential. A triple-car garage with laneway access provides the exciting possibility to build a 2-storey garden suite, creating additional living space or future rental income potential. Situated on a coveted tree-lined street in one of downtown Toronto's most desirable neighborhoods, this home is perfectly positioned in the Trinity-Bellwoods/Palmerston-Little Italy area. Just steps from College Street, the location offers outstanding walkability and easy access to Dundas Street West, Queen West, public transit, streetcars, and subway connections. This vibrant community blends quiet residential charm with dynamic urban living, surrounded by boutique shopping, acclaimed restaurants, cafés, and cultural destinations including Kensington Market and Trinity Bellwoods Park. Walking distance to University of Toronto , Toronto Western Hospital and all amenities.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,612 |
| Lot Size | 24.5 ft x 130.25 ft |
| mls© Number | C13150550 |
| Listed By | RE/MAX WEST REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,464
- Property tax
- $718
- Heat allowance
- $150
- Housing costs
- $10,332 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$318,000
gross annual household income
- Payment at 4%
- $7,781 / mo
- Cash down
- $369,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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