$1,699,000 - 579 Palmerston Avenue, Yorkville
Semi-Detached for Sale in Yorkville
- MLS Number
- C13467236
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- FREEMAN REAL ESTATE LTD.
Seaton Village At Its Absolute Best. Tucked Along One Of The Neighbourhood's Most Loved Tree-Lined Streets, & Steps To The Energy of the New Mirvish Village, Little Italy & The Annex. Quietly Removed From The Hustle, This Exceptional 3-Storey Semi Offers The Best Of Both Worlds. Fully Renovated on 4 Levels The Home Possesses That Rare Quality with Enhanced Features & Layout. Great Flow, Great Energy, & Spaces That Check All the Boxes! The Open Concept Main Floor Is Designed For Everyday Living & Effortless Entertaining, Featuring Beautiful Hardwood Floors, An Inspiring Chef's Kitchen with Stainless Steel, Granite and Butcher Block Workspace & Seamless Connection To The Main Living/Dining Areas, A Well-Designed (& Well-Hidden) Powder Room, Wall of Windows & Walkout To A Private Backyard Retreat Beneath A Mature Tree Canopy. Upstairs You'll Find Generous Family Accommodation Across Two Levels. Spacious Second Floor Bedrooms (One Currently Used As A Family Room), An Oversized Laundry Room Easily Reconfigured As A 4th Bedroom Or Home Office/Gym, & A Spectacular Third Floor Primary Retreat Complete With Spa-Inspired Ensuite, Heated Floors & A Private Treetop Private Deck With Skyline Views. At The Rear, A Rare Detached Brick Two-Car Garage Offers Exceptional Convenience, While A Laneway Housing Feasibility Report Is Available For Buyers Looking To Explore Future Potential. The Lower Level Is An Extraordinary Surprise. Currently Configured As A Manhattan Loft-Style Self-Contained Apartment, It Features Impressive Ceiling Height (7'6"), Hardwood Floors, Fully Exposed Stone Walls & Design & Character Rarely Found In Lower Level Space. Ideal As An Income Suite, Guest Space, Home Office And/Or Gym. These Are The Homes Seaton Village Buyers Wait For. Renovated, Flexible, Full Of Character & Located In One Of Toronto's Most Enduring Family Neighbourhoods. A Rare Opportunity To Secure An Exceptional Home In An Extraordinary Location. (*note photos taken previously)
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
579 Palmerston Avenue, Annex / Yorkville / Summerhill
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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 $850/sqft, this property is priced in line with current Yorkville 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 19 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.
Detached Home Advantages
Detached homes in Yorkville 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 Yorkville.
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.
Investment Perspective
Looking at this as an investment: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.