$1,395,000 - 540 Crawford Street, Downtown Toronto
Detached for Sale in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Palmerston-Little Italy
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- MLS Number
- C14106800
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $7,888
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
A hidden gem in the heart of Palmerston-Little Italy! Set back from the street behind a lushfront garden and mature greenery, this beautifully renovated detached home offers anexceptional sense of privacy, extending to its inviting front porch and upper-level patio.Extensively renovated from top to bottom in 2018, including major interior and exteriorimprovements, this charming residence offers 2 bedrooms, 1 bathroom and stylish, contemporaryliving spaces throughout. The bright and inviting main floor features beautiful hardwoodflooring, a spacious living room and a stunning kitchen with an oversized waterfall-styleisland, warm wood cabinetry, stainless steel appliances and a striking tile backsplash. Theadjoining dining area is framed by expansive glass doors opening onto a private, tree-linedbackyard and spacious entertaining deck. Upstairs, the generous primary bedroom featuressliding glass doors leading to a private second-floor terrace, while a beautifully renovatedbathroom showcases a contemporary vanity and glass-enclosed shower. The finished lower levelprovides additional versatile living space, ideal for a recreation room, home office or gym.Extensive improvements include updated electrical, flooring, kitchen, bathroom, appliances andexterior finishes (2018), new front and rear decks and upper-level porch (2020), roofreplacement (2020), tankless hot water heater (2021) and a new sump pump system (2026).Complete with a detached two-car garage with laneway access, this unique home offers theperfect balance of peaceful residential living and downtown convenience, just moments from thecelebrated restaurants, cafés, boutiques and neighbourhood amenities of Little Italy andHarbord Village.
Estimate your monthly payments for this property
Estimated Payment
$6,170.56/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 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.
540 Crawford Street, 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 $1993/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.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $5,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.