509 Palmerston Boulevard, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-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 $3,299,000 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.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 35.25 x 138.83 ft lot size
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with wall unit(s) central cooling and highly efficient water heating via gas
Description
Grand 4-unit property on stately Palmerston Boulevard. Each floor a separate apartment. 3 of 4 units to be vacant (3rd floor apt is month to month). Superb spacious and bright apartments. Huge detached house offers myriad of possibilities: continue as well laid out 4-plex as top tier investment, use as end-user to live-rent or for multi-generational family home or return to grand family home. House features spacious apartments with newer hardwood oak flooring, numerous bay windows, 2 fireplaces (with liners), updated mechanics, multiple decks and balconies plus plenty of original charm (stained and leaded glass, wood panelling). Well cared for property with many improvements. 4,375 total square footage. Big property lot with plenty of parking and garden space. Serene back garden amidst mature trees. Ideal central location on one of the city's most recognizable streets. Schools, parks, shops, public transportation all in neighbourhood. Main floor owner's suite is a beautiful 1 bedroom apartment that could be set up as a 2-bed apt. Full 2-bedroom 2nd floor apt has 2 decks. 3rd floor is a stylish bright 1-br apt. Bsmt is an oversized 1-br apt with 2 access points. Shared coin laundry in basement. Bonus 100amp service in garage. Interior stairwell with side entrance can access all units.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 509 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 $3,299,000 in Toronto, the legal minimum down payment is $659,800 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 $68,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $68,950 also applies, bringing the total estimated land transfer taxes to $137,900.
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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.
