403 Palmerston Boulevard, Toronto, ON

$7,895,000
MLS#:C8425306
7 beds
7 baths
5000 + sqft
7.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

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 $7,895,000 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.

  • 7 Bedrooms and 7 Bathrooms
  • Generous living space spanning 5000 + sqft on a premium 47.83 x 127 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: In-Law Suite, Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

403 Palmerston is the most unique opportunity on one of Toronto's most beloved streets. This 5+2 bedroom, 7 bathroom home combines the style of a great Edwardian masterpiece and the vision of an amazing urban loft. The main floor's exceptional layout guides you through the historic entryway and living room, leading to a stunning great room with soaring 13 foot ceilings that encompasses a chef's kitchen, family room, and dining area. Bathed in natural light, the expansive 6,000+ square feet of living space provides an ideal setting for family living.The primary suite invites you in with a seating area, a luxurious 6-piece spa-like ensuite, a dressing room, and an outdoor balcony overlooking the garden. The second and third bedrooms share a 4-piece ensuite bathroom and feature charming details such as a fireplace and a bay window. The fifth bedroom also boasts a lovely bay window and access to a spacious balcony. The third floor, with vaulted ceilings, includes a generous bedroom with ample storage, a full kitchen, a living area, and a walk-out to the rooftop terrace.The impressive lower level offers a large multi-purpose room complete with a living area, gym space, kitchenette, 4-piece ensuite bathroom, wine cellar, additional bedroom, and a nanny suite with a separate side entrance. The outdoor space at 403 Palmerston is equally remarkable, featuring an outdoor wood-burning fireplace and lounge, a dining area, and a detached 3-car garage. Don't miss the chance to own this extraordinary home that perfectly combines historic charm with modern luxury in one of Toronto's most sought-after neighbourhoods.

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Key Features

Bedrooms
7
Bathrooms
7
Kitchens
1
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2024
Sold price information is available to members only
Listed Date6/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2 1/2 Storey
ConstructionBrick
BasementFinished
Lot Size47.83 × 127 Feet
CountyToronto
Annual Tax$23,033.7
Legal DescriptionPT LT 294 BLK G PL 574 CITY WEST AS IN CA746330 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO

Parking & Garage

Parking Spaces7.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

In-Law Suite, Storage

Security Features

Community Features

Location

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403 Palmerston Boulevard, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 403 Palmerston Boulevard, Toronto C01, ON M6G 2N7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$1,579,000 (20.0%)
* Minimum Canadian down payment required for this price is $1,579,000.
Amortization Period25 Years
Estimated Monthly Payment$37,638Based on a loan of $6,316,000 over 25 years.
Purchase Price$7,895,000
Loan Amount$6,316,000
Provincial Land Transfer Tax:$183,850
Toronto Municipal Land Transfer Tax:$183,850
Total Estimated Closing Taxes:$367,700

About Purchasing a Home in Toronto, ON

For a property listed at $7,895,000 in Toronto, the legal minimum down payment is $1,579,000 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 $183,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $183,850 also applies, bringing the total estimated land transfer taxes to $367,700.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,168,439

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.