$1,650,000 - 28 Concord Avenue, Downtown Toronto
Multi-Family for Sale in Downtown Toronto
Neighbourhood: Palmerston-Little Italy
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- MLS Number
- C13815098
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 15
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $9,720
- Listing Brokerage
- ROYAL LEPAGE WEST REALTY GROUP LTD.
A rare Toronto offering held by the same family for more than 55 years. This grand three-storey Edwardian sits on an impressive 25' x 137' lot - wider & deeper than most in the area - offering exceptional scale, architectural character and versatility. Original stained glass & hardwood floors preserve the home's historic charm, complemented by soaring ceilings, oversized windows & an east-facing front porch. With over 3000 SqFt of usable space in the entire home, reimagine a single-family residence or accommodate multigenerational living or continue generating rental income. The 2 entrances to the home are located at the front/side of the home. The currently tenanted main level of approximately 850 SqFt features generous storage and walk-in closets. The staircase to the second and third floors are exceptionally wide. The upper levels have been recently vacated by the owner and form one spacious unit of approx 1,500 SqFt ideal for an owner's residence or rental suite. The generous layout features separate living and dining rooms, a den, three generously sized bedrooms and two full 4-piece bathrooms. The basement, accessible via the side entrance, provides additional square footage. It was previously used as a separate living space with a kitchen, washroom and 3 additional rooms with windows. The deep west-facing backyard unfolds into distinct zones for gardening, play & entertaining, creating a private urban retreat with afternoon and evening sun. A legal front-yard parking pad adds valuable urban convenience. Ideally situated just north of College Street, the home is close to the subway, Dufferin Mall, schools and neighbourhood parks. The Ossington Strip, Little Italy, Trinity Bellwoods, independent shops and cafés are all nearby, with the University of Toronto just a quick commute away. A distinguished Toronto grand dame with remarkable proportions, enduring character and incredible possibilities - ready for its next owner to become part of its story.
Estimate your monthly payments for this property
Estimated Payment
$7,298.51/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 Palmerston-Little Italy
Palmerston-Little Italy 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 Palmerston-Little Italy
- •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
Palmerston-Little Italy 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.
28 Concord 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 $825/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.
Market Position
At 15 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.
Excellent Flexibility
With 6 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 4 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 Palmerston-Little Italy
I know Palmerston-Little Italy 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.
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 $6,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.