501 Palmerston Boulevard, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-Storey triplex located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,750,000 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 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 33.01 x 138.85 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- Efficient radiant heating via gas
Description
Fantastic investment opportunity located in a desirable Annex neighbourhood; Detached triplex with 3 self-contained, separately metered units. Over 4000 sq ft of potential living space including an unfinished L/L with shared laundry facilities and high ceilings. Large 33' x 138' lot offers the possibility of adding a garden suite (see attached letter). Walking distance to Bathurst subway, Mirvish Village, U of T, Harbord Village, Parks, Schools and Bloor St. Shops & Restaurants.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 501 Palmerston Boulevard, Toronto C01, ON M6G 2P2
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 $2,750,000 in Toronto, the legal minimum down payment is $550,000 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 $55,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $55,225 also applies, bringing the total estimated land transfer taxes to $110,450.
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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.
