diff --git a/src/elan-cli/elan_mode.rs b/src/elan-cli/elan_mode.rs
index e50ed8a..96d8aef 100644
--- a/src/elan-cli/elan_mode.rs
+++ b/src/elan-cli/elan_mode.rs
@@ -332,6 +332,13 @@ pub fn list_toolchains(cfg: &Cfg) -> Result<()> {
     Ok(())
 }
 
+fn get_toolchain_local_target(cfg: &Cfg, t: &ToolchainDesc) -> Result<Option<std::path::PathBuf>> {
+    let ToolchainDesc::Local { .. } = &t else {
+        return Ok(None);
+    };
+    Ok(cfg.get_toolchain(&t, false)?.symlink_target()?)
+}
+
 fn show(cfg: &Cfg) -> Result<()> {
     let cwd = &(utils::current_dir()?);
     let installed_toolchains = cfg.list_toolchains()?;
@@ -357,10 +364,20 @@ fn show(cfg: &Cfg) -> Result<()> {
             print_header("installed toolchains")
         }
         for t in installed_toolchains {
-            println!(
-                "{}",
-                mk_toolchain_label(&t, &default_tc, &resolved_default_tc)
-            );
+            // If t is a local toolchain, look up the symlink and print
+            // where it points.
+            if let Some(path) = get_toolchain_local_target(&cfg, &t)? {
+                println!(
+                    "{} (linked to local path {})",
+                    &t,
+                    path.display().to_string()
+                );
+            } else {
+                println!(
+                    "{}",
+                    mk_toolchain_label(&t, &default_tc, &resolved_default_tc)
+                );
+            }
         }
         if show_headers {
             println!()
diff --git a/src/elan-utils/src/errors.rs b/src/elan-utils/src/errors.rs
index 1a6c4a5..a8b5dfa 100644
--- a/src/elan-utils/src/errors.rs
+++ b/src/elan-utils/src/errors.rs
@@ -126,6 +126,12 @@ error_chain! {
             description("could not symlink directory")
             display("could not create link from '{}' to '{}'", src.display(), dest.display())
         }
+        ReadingSymlink {
+            path: PathBuf,
+        } {
+            description("could not read symlink")
+            display("could not read symlink at '{}'", path.display())
+        }
         CopyingDirectory {
             src: PathBuf,
             dest: PathBuf,
diff --git a/src/elan-utils/src/utils.rs b/src/elan-utils/src/utils.rs
index ca086f6..2db107e 100644
--- a/src/elan-utils/src/utils.rs
+++ b/src/elan-utils/src/utils.rs
@@ -1,6 +1,7 @@
 use crate::errors::*;
 use crate::notifications::Notification;
 use dirs;
+use json;
 use std::cmp::Ord;
 use std::env;
 use std::ffi::OsString;
@@ -11,7 +12,6 @@ use std::process::Command;
 use url::Url;
 #[cfg(windows)]
 use winreg;
-use json;
 
 use crate::raw;
 
@@ -262,6 +262,25 @@ pub fn symlink_file(src: &Path, dest: &Path) -> Result<()> {
     .into())
 }
 
+// If we are on unix, we expect reading the symlink to work,
+// and so return Some.
+#[cfg(unix)]
+pub fn read_link(path: &Path) -> Result<Option<PathBuf>> {
+    Ok(Some(::std::fs::read_link(path).chain_err(|| {
+        ErrorKind::ReadingSymlink {
+            path: PathBuf::from(path),
+        }
+    })?))
+}
+
+// If we are on windows, we don't attempt to read the symlink at all,
+// and return None. This is not an error, but merely advice to the
+// caller to not even attempt to show the symlink target.
+#[cfg(windows)]
+pub fn read_link(path: &Path) -> Result<Option<PathBuf>> {
+    Ok(None)
+}
+
 pub fn copy_dir(src: &Path, dest: &Path, notify_handler: &dyn Fn(Notification<'_>)) -> Result<()> {
     notify_handler(Notification::CopyingDirectory(src, dest));
     raw::copy_dir(src, dest).chain_err(|| ErrorKind::CopyingDirectory {
@@ -512,9 +531,10 @@ pub fn fetch_latest_release_json(url: &str, channel: &str, no_net: bool) -> Resu
         fetch_url(&url)
     }?;
 
-    let releases = json::parse(&json)
-        .chain_err(|| format!("failed to parse release data: {}", url))?;
-    releases[channel][0]["name"].as_str()
+    let releases =
+        json::parse(&json).chain_err(|| format!("failed to parse release data: {}", url))?;
+    releases[channel][0]["name"]
+        .as_str()
         .ok_or_else(|| format!("failed to parse release data: {}", url).into())
         .map(|s| s.to_string())
 }
diff --git a/src/elan/toolchain.rs b/src/elan/toolchain.rs
index b13fdcd..b421a3e 100644
--- a/src/elan/toolchain.rs
+++ b/src/elan/toolchain.rs
@@ -140,9 +140,10 @@ pub fn resolve_toolchain_desc_ext(
                 utils::fetch_latest_release_json(uri, release, no_net)
             } else {
                 if release == "beta" {
-                    return Err(Error::from(
-                        format!("channel 'beta' is not supported for custom origin '{}'", origin)
-                    ));
+                    return Err(Error::from(format!(
+                        "channel 'beta' is not supported for custom origin '{}'",
+                        origin
+                    )));
                 }
                 utils::fetch_latest_release_tag(origin, no_net)
             };
@@ -233,6 +234,9 @@ impl<'a> Toolchain<'a> {
             .map(|m| m.file_type().is_symlink())
             .unwrap_or(false)
     }
+    pub fn symlink_target(&self) -> Result<Option<PathBuf>> {
+        Ok(utils::read_link(&self.path)?)
+    }
     pub fn exists(&self) -> bool {
         // HACK: linked toolchains are symlinks, and, contrary to what std docs
         // lead me to believe `fs::metadata`, used by `is_directory` does not