261 Palmerston Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Trinity-Bellwoods. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 18 x 129 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with wall unit(s) central cooling and highly efficient forced air heating via gas
Description
A rare and versatile opportunity in the heart of Trinity Bellwoods/Little Italy! This lovely red brick Victorian at 261 Palmerston Ave offers endless possibilities - live and lease, rent entirely, or convert back to a single-family home. VACANT POSSESSION means you can move right in or set your own rents. Featuring three self-contained units, this home is perfect for investors or end-users looking to maximize space and income potential. The upper unit boasts 2 beds, 1 bath, a spacious living area, and a large kitchen with a walkout to a private deck. The main floor unit offers another 2 beds, 1 bath, an inviting living space, and direct access to the backyard. The lower level features great ceiling height, 1 bed, 1 bath, ample storage, and a roughed-in kitchen, ready to be completed. 2-car garage with laneway access a huge bonus in this prime location! Steps to Toronto's best restaurants, shops, cafes, parks, and transit. Don't miss this exceptional opportunity!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 261 Palmerston Avenue, Toronto C01, ON M6J 2J3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,549,000 in Toronto, the legal minimum down payment is $309,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $27,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $27,455 also applies, bringing the total estimated land transfer taxes to $54,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
