$2,295,000 - 258 Palmerston Avenue, Downtown Toronto
Detached for Sale in Downtown Toronto
42 days on market- MLS Number
- C13085950
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX HALLMARK BIBBY GROUP REALTY
Meticulously Restored Throughout & Fully Reimagined With Only The Finest Of Materials, This Detached Little Italy Residence Combines Artistic Architectural Detail & Great Attention To Design. The Entertainers Floor Features A Large Formal Living Room & Dining Room Which Overlooks A Meticulously Kept Front Garden. The Brand New Contemporary Kitchen Features Top Of The Line Stainless Steel Appliances And Ample Storage. The Intimate Family Room Seamlessly Integrates Into A Professionally Updated Rear Garden Which Features A Large Double Garage. The Spacious Primary Bedroom Retreat Includes Soaring Cathedral Ceilings & Overlooks Palmerston Avenue's Majestic Streetscape. The Upper Level Includes Two Additional Spacious Bedrooms And A Modern Six-Piece Bathroom & Laundry Room. The Large Lower Level Features A Spacious Recreation Room, Dedicated Walkout To The Backyard And Three-Piece Bathroom. The Lower Level Includes All Rough-In's For A Rental Opportunity. You Are Steps To The Highly Acclaimed And Award Winning Shops, Restaurants & Cafes Of Little Italy. Quick Access To Trinity Bellwoods, Alexandra Park, Toronto Western Hospital & The University Of Toronto, Queen West, Dundas West & Little Portugal. TTC At Your Doorstep!
Estimate your monthly payments for this property
Estimated Payment
$10,151.56/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.
258 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 $2086/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 42 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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 $9,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.