$2,850,000 - 179 Palmerston Avenue, Downtown Toronto
Detached for Sale in Downtown Toronto
- MLS Number
- C13155380
- Property Type
- Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Immerse Yourself In The Splendor Of This Remarkable Three-Storey Family Home Crafted By Elviano Design-Build & Sensus Design Studio In The Heart Of Trinity-Bellwoods, Toronto's Beloved Neighbourhood. This Home Boasts Unparalleled Updates And Exquisite Finishes Across Every Level. The Main Floor Unveils An Optimal Open-Concept Living Experience With Expansive Living And Dining Areas, Soaring Ceilings, Custom Built-Ins That Beautifully Capture The Builder's Vision, A Stunning Gas Fireplace With Porcelain Slab Finish, And A Walk-Out To The Private Front Porch. The Captivating Eat-In Kitchen Offers A Seamless Walk-Out To The Landscaped Yard And Patio, Creating The Perfect Setting For Entertaining And Everyday Living. The Third Level Serves As A Private Sanctuary Featuring A Luxurious Ensuite Bathroom, Spacious Walk-In Closet, And Secluded Rooftop Balcony, While The Second Floor Showcases Three Generously Sized Bedrooms, Each Complete With Its Own Ensuite Bathroom. The Lower Level Impresses With A Spacious Recreation Room With Wet Bar, Dedicated Exercise Area, Nanny Suite, Laundry Facilities, And A Separate Entrance. Just Minutes From Trinity Bellwoods Park, Little Italy, The City's Finest Culinary Scene, Vibrant Nightlife, Schools, Hospitals, And More, This Exceptional Residence Is An Unmissable Gem In One Of Toronto's Most Coveted Communities.
Estimate your monthly payments for this property
Estimated Payment
$12,606.51/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
179 Palmerston Avenue, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1900/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $11,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.