$1,099,000 - 221 Palmerston Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
New — Listed 5 days agoNeighbourhood: Trinity-Bellwoods
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- MLS Number
- C13854862
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $7,827
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Perfect on Palmerston! Buyers, 221 Palmerston is the rare and affordable blue beauty meant for you. A traditional semi-detached that's uniquely divided into 3 separate units, but *easily re-converted into a single family home*. ***** Currently presented as a cheaper-than-rent house hacking opportunity: (1) live in the main & 2nd floor and rent out the basement, (2) or live on 1 floor and rent out 2 and save big, (3) or take the whole home for yourself -- Palmerston is flexible and ready to fit your needs. ***** Plus, its detached two car garage checks off all the boxes and then some, with potential to become a ~1135 sqft 2 storey laneway house for extra income or an in-law suite. ***** True pride of ownership, beautiful inside and out, including its backyard oasis shielded from the city with planters & grapevines, plus a balcony with CN tower views. ***** Placed in the covetable, tree-lined & quiet stretch of Palmerston, while also being extremely convenient: perfectly in the middle of Little Italy, Trinity-Bellwoods, Ossington and Kensington, and 1-2 blocks from streetcars and everything you need. This is the one.
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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 Trinity-Bellwoods
Trinity-Bellwoods 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 Trinity-Bellwoods
- •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
Trinity-Bellwoods 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.
221 Palmerston Avenue, Downtown Toronto / Waterfront
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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
Fair Market Value
At $999/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 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.
About Trinity-Bellwoods
I know Trinity-Bellwoods well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.