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New3 hours ago

221 Palmerston Avenue

Trinity-Bellwoods, Toronto

$1,400,000

Semi-Detached |2-Storey
4 | 3 | 2
About this home

Pretty, perfect, Palmerston! Buyers, 221 Palmerston is the rare blue beauty built to catapult you up the property ladder. Semi-detached and wholly affordable, it's uniquely divided into 3 separate units, each with its own entrance. Currently earning a healthy income from the top and lower floors (~$4100/month with great tenants) allowing you to live in the updated main floor owner's suite for less money than you'd think. ***** Included is its private backyard oasis shielded from the city with planters & grapevines, a balcony with CN tower views, and a full 2 car garage (!!) to store your cars, big toys, or for a wood workshop. ***** Placed in the covetable, tree-lined & quiet stretch of Palmerston, while also being extremely convenient: perfectly in the middle of Little Italy, Trinity-Bellwoods, Ossington and Kensington, and 1-2 blocks from streetcars and everything you need. ***** Keep the home as-is, or easily transform it back into a single family home for you & your boo. The choice is yours. Live in the neighbourhood you want, for the price you can't believe. Don't miss it!

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,827
Lot Size17.25 ft x 127 ft
mls© NumberC13722554
Listed BySAGE REAL ESTATE LIMITED

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,166
Property tax
$652
Heat allowance
$150
Housing costs
$7,968 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $280,000
25-yr amortization

Income needed

$245,000

gross annual household income

Payment at 4%
$5,891 / mo
Cash down
$280,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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