$3,398,000 - 385 Manning Avenue, Downtown Toronto
Townhouse for Sale in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
- MLS Number
- C13680640
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 8
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HC REALTY GROUP INC.
A Truly Exceptional, Fully Reimagined Victorian Residence In The Heart Of Palmerston-Little Italy, Offering 3+2 Bedrooms And A Beautifully Modernized, Multi-Level Layout ,Thoughtfully Designed by award winning firm Dexign Matter Studio, With A Sleek Contemporary Aesthetic, Featuring A 10-Ft Ceiling On The Main Floor & Nearly 10-Ft Ceiling On The Second Floor, Wide-Plank Flooring, Custom Millwork, Designer Lighting & Glass Stair Railings.The Show-Stopping Main Floor Features A Dramatic Living Room With Linear Fireplace, Full-Height Feature Wall & Illuminated Built-Ins. The Designer Kitchen Showcases Custom Cabinetry, Large Centre Island, Full-Height Slab Backsplash, Pot Filler & A Premium High-End Appliance Package. Oversized Sliding Glass Doors Open To The Landscaped Backyard & Patio.A Standout Highlight Is The 3 Large Private Walk-Out Balconies/Terraces-Each Of The 3 Above-Grade Bedrooms Enjoys Its Own Private Outdoor Space. The Primary Features A Luxurious 6-Pc Bath, Custom Storage & Walk-Out To A Large Private Balcony. The Second Bedroom Opens To Its Own Generous Private Balcony, While The Upper-Level Bedroom/Loft Walks Out To An Expansive Private Terrace With Beautiful City Skyline Views. A Stylish Glass-Enclosed Office Completes The Upper Levels.The Finished Lower Level Offers A Spacious Recreation Area, Custom Wet Bar With Beverage Centre, Additional Bedroom, Full Bath, Laundry & Separate Entrance.An Exceptionally Oversized Detached Garage Offers Drive-In Parking For Up To 3 Vehicles, With Ample Space For A Full-Size Pickup Truck, Plus A Tesla Universal EV Wall Connector.Enjoy An Exceptional Urban Lifestyle Just Steps To College Street, TTC, Restaurants, Cafés & Shopping, With Convenient Access To Downtown Toronto.
Estimate your monthly payments for this property
Estimated Payment
$15,030.50/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Palmerston-Little Italy
Palmerston-Little Italy is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Palmerston-Little Italy
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Palmerston-Little Italy offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
385 Manning Avenue, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1699/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Palmerston-Little Italy
I know Palmerston-Little Italy well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $14,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.