386 Palmerston Boulevard, Toronto, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $5,749,900 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.
- 6 Bedrooms and 7 Bathrooms with 3 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 50 x 127 ft lot
- Features a finished, separate entrance, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Other
- equipped with other central cooling and highly efficient radiant heating via gas
Description
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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Pricing & Value Insights
Data-driven valuation for 386 Palmerston Boulevard, Toronto C01, ON M6G 2N6
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 $5,749,900 in Toronto, the legal minimum down payment is $1,149,980 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 $130,223 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $130,223 also applies, bringing the total estimated land transfer taxes to $260,445.
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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.
