Palmerston-Little Italy: Toronto quadplex in a century home

by Pedram Madadkar

Rare Opportunity: Stunning Quadplex at 509 Palmerston Blvd

509 Palmerston Blvd is truly an exciting find! This century-old quadplex is not only architecturally stunning but also offers a unique blend of historic charm and modern amenities.

The property boasts four distinct apartments, each full of character and meticulously maintained. From original stained glass windows and intricate wood paneling to two intact fireplaces, the historic elements add unparalleled charm. Modern updates, including new hardwood oak flooring and updated mechanics, ensure the property meets contemporary standards.

Located in a prime neighborhood, this quadplex offers four parking spaces, a rarity in such a central location. With schools, parks, shops, and public transportation within easy reach, it's ideal for both investors and multi-generational families. Notably, three of the four units will be vacant upon sale, allowing new owners to charge market rates, which are currently very lucrative in this area.

Listed at $3,299,000, down from $3,600,000, this property represents a fantastic investment opportunity with the potential for a strong return.

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