$3,349,999 - 497 Palmerston Boulevard, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
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- MLS Number
- C13751854
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
On Palmerston Boulevard, the setting is every bit as remarkable as the home itself. Welcome to 497 Palmerston Boulevard, where every inch has been redefined for modern living, while the grace of its 1907 architecture remains beautifully intact. Reimagined by Altius Architecture and featured in Toronto Life, it is a remarkable meeting of thoughtful design, enduring character and effortless function. The main floor is exquisite. A continuous expanse of white oak carries through the space, complemented by a linear gas fireplace set within custom built-in shelving. At its centre, the kitchen anchors the room with a waterfall island, integrated appliances and cabinetry designed to disappear. Beyond, the living room dissolves into the garden through a wall of wood-framed sliding glass, opening onto a wide hardwood deck that steps down to the lawn. Thirty feet across and extending nearly 139 feet to the rear property line, the grounds are framed by mature hedging and lit for evenings. Summer dinners, soccer on turf that never needs mowing, quiet mornings with coffee: an extraordinary sense of space, privacy and calm in the heart of the city. Three generously proportioned bedrooms share the second floor, each with substantial closet space and beautiful natural light. The third floor is devoted entirely to the primary retreat. A king-sized bedroom is joined by a private sitting area framed by exposed brick and custom millwork. The ensuite is equally exceptional, with a freestanding tub beneath the window, a generous glass shower and floor-to-ceiling marble. The fully finished lower level offers a recreation room, full bathroom, dedicated laundry room and abundant storage. Private drive parking accommodates four vehicles. Steps from Harbord Village and Bathurst Station, and just minutes from College Street and the University of Toronto. Rare width. Rare light. Rare quiet. All on one of the city's great streets.
Estimate your monthly payments for this property
Estimated Payment
$14,818.17/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.
497 Palmerston Boulevard, 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
Premium Pricing
At $1675/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.
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.
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 $13,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.















































