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Palmerston-Little Italy, Toronto
$5,749,900
Palmerston Boulevard is one of the city's most storied streets. Gated at the entrance, lined with historic cast-iron lampposts, and canopied by mature trees that have watched this neighbourhood evolve for over a century. There is simply no other street like it in Toronto. Little Italy at your doorstep. Restaurants, cafés, culture, and the subway are all within reach - yet the moment you turn onto Palmerston, the city softens. Equally rare as the location is the expansive 50 by 127 foot lot with a private drive, lane access, and the potential to build a two-storey laneway home with an integrated two-car garage. Options like this don't surface often. Step through the pillared front porch into three self-contained units, each with its own distinct character. From traditional to contemporary. Keep it as the turnkey multi-unit property it already is - an intelligent hold in one of Toronto's most enduring neighbourhoods - or reimagine it entirely as a singular grand residence. For those with the vision to create their dream home, few canvases in this city are more compelling. Some addresses find you. This one was waiting for you all along.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $22,175 |
| Lot Size | 50 ft x 127 ft |
| mls© Number | C13225554 |
| Listed By | CHESTNUT PARK REAL ESTATE LIMITED |
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%
- $29,431
- Property tax
- $1,848
- Heat allowance
- $150
- Housing costs
- $31,429 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$967,000
gross annual household income
- Payment at 4%
- $24,197 / mo
- Cash down
- $1,149,980
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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