Home with brick exterior material, street for 261 Palmerston Ave, Toronto Ontario M6J 2J3
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6 days on Market

261 Palmerston Ave, Toronto, Ontario M6J 2J3

Townhouse
4 + 1
3
- sqft
$1,549,000
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Townhouse
4 + 1
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$6,652/mo

Tax Amount (2024)$8,609/yr

Days On Market6 days


Description

A rare and versatile opportunity in the heart of Trinity Bellwoods/Little Italy! This lovely red brick Victorian at 261 Palmerston Ave offers endless possibilities - live and lease, rent entirely, or convert back to a single-family home. VACANT POSSESSION means you can move right in or set your own rents. Featuring three self-contained units, this home is perfect for investors or end-users looking to maximize space and income potential. The upper unit boasts 2 beds, 1 bath, a spacious living area, and a large kitchen with a walkout to a private deck. The main floor unit offers another 2 beds, 1 bath, an inviting living space, and direct access to the backyard. The lower level features great ceiling height, 1 bed, 1 bath, ample storage, and a roughed-in kitchen, ready to be completed. 2-car garage with laneway access a huge bonus in this prime location! Steps to Toronto's best restaurants, shops, cafes, parks, and transit. Don't miss this exceptional opportunity!


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size2,322 SqFt(129 x 18)
Parking Spaces2
MLS ®NumberC12040439
Community NameLittle Italy
Data SourceTRREB
Listing byKELLER WILLIAMS CO-ELEVATION REALTY

Features

Heating: Forced Air
Cooling: Wall Unit
Basement: Apartment, Sep Entrance

Main Floor

Living

3.43 x 3.05

hardwood floor / Large Window

Br

3.58 x 3.05

Closet / Window / Laminate

2nd Br

3.43 x 3.05

Laminate / Window / W/O To Yard

Office

3.94 x 3.35

Separate Rm / hardwood floor / Closet


Features

Lot size: 2,322 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 0

Total parking spaces 2


Property History

Mar 25, 2025
ListedActive
$1,549,000
6 days on market
history photo preview43
Listing by trreb®
Property listed by KELLER WILLIAMS CO-ELEVATION REALTY, Brokerage

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Market Data - Little Italy

Geo Zone Map ThumbnailLittle Italy

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

9 days

Compared to

2024

17 days

2023

0 day

2022

8 days

New Listings

Past 30 days

2 listings

Compared to

2024

2 listings

2023

1 listing

2022

5 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

0 unit

2022

1 unit

Median Sold Price

Past 30 days

$1,231,000

Compared to

2024

$1,250,000

2022

$1,690,000


Population and Demographics

Overview

Total population 3479
Average household income $165,537

Age (%)

20 to 34
29%
35 to 49
24%
50 to 64
17%
65 and plus
16%
0 to 19
14%

Household composition (%)

Single family
51%
Single person
36%
Multi person
13%
Multi family
1%

Mother tongue (%)

English
62%
Portuguese
13%
Yue (Cantonese)
7%
Mandarin
6%
Italian
3%
Spanish
2%
French
2%
Others
2%

House tenancy (%)

Owners
55%
Renters
45%

Schools and amenities

Estimated Budget