$1,790,000

$1,880,000For salePrice drop↓ $90,000 (5%)

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260 Clinton Street, Toronto (Palmerston-Little Italy) - Single Family for Sale

260 Clinton Street, Toronto (Palmerston-Little Italy), Ontario, M6G2Y6

5 beds3 baths parking

431 Manning Avenue, Toronto (Palmerston-Little Italy), Ontario, M6G2V6

6 bd4 ba2 pk2,250 ft²Lot size 20 × 128 ft (2,534 sq ft)

Listed by FREEMAN REAL ESTATE LTD.

266 Roxton Road, Toronto (Palmerston-Little Italy), Ontario, M6G3P9

For saleJust listed

Today

$1.05M

266 Roxton Road, Toronto (Palmerston-Little Italy), Ontario, M6G3P9

4 bd2 ba1 pk1,300 ft²Lot size 13 × 126 ft (1,625 sq ft)

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

540 Crawford Street, Toronto (Palmerston-Little Italy), Ontario, M6G3J8

For saleJust listed

Today

$1.29M

540 Crawford Street, Toronto (Palmerston-Little Italy), Ontario, M6G3J8

2 bd1 ba2 pk900 ft²Lot size 17 × 128 ft (2,176 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

223 Clinton Street, Toronto (Palmerston-Little Italy), Ontario, M6G2Y4

For saleJust listed

5 days ago

$1.80M

223 Clinton Street, Toronto (Palmerston-Little Italy), Ontario, M6G2Y4

3 bd4 ba1 pk1,300 ft²Lot size 19 × 125 ft (2,409 sq ft)

Listed by HOUSESIGMA INC.

Investment analysis

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$1,790,000

Toronto

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20 × 127 ft (2,571 sq ft) lot size

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Its $1,790,000 asking price sits right in line with the $1,729,000 median in Toronto. It has been on the market 46 days, fresher than the Toronto average of 54 days.

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Description

Great Investment Opportunity in Toronto's vibrant Palmerston-Little Italy neighbourhood! Fully tenanted semi-detached income property generating $7,300/month ($87,600 annually) in gross rental income. The rear lane Parking Surface may offer potential for a future Rear Lane Suite in accordance with the City of Toronto's Additional Residential Units (ARU) program. Buyers to verify independently. Convenient access to TTC, Christie subway station and the University of Toronto's St. George campus. Close to Bloor Street shops, Little Italy restaurants, cafés and everyday amenities-an appealing location for tenants and a valuable addition to an investment portfolio. (id:66096)

Property Details

MLS®: C13810720
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 20 × 127 ft (2,571 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $9,959.7/yr
Listed: 46 days ago

Rooms

Main level

Kitchen: 7.8 x 3.3 meters
Living room: 7.8 x 3.3 meters
Bedroom: 3.77 x 3.4 meters
Bedroom: 3.36 x 3.04 meters

Second level

Living room: 4.3 x 4 meters
Kitchen: 4.16 x 1.73 meters
Bedroom: 3.8 x 3 meters
Bedroom: 4.04 x 2.03 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Gas stove(s), Dishwasher, Dryer, Microwave, Hood Fan, Two Washers
Flooring: Hardwood
Foundation: Concrete
Exterior: Brick
Lot Features: Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Palmerston-Little Italy) listings, avg age

54d

Price / ft²

$1,377

List price

$1.79M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Toronto (Palmerston-Little Italy) has been listed for 46 days, which is 8 days fresher than the city average of 54. Act while there is still low competition.

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Listed by RE/MAX CROSSROADS REALTY INC. · JAMES PARK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6G)

This home lists at $1,790,000, about 19.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $349,650 (20% down, 25-yr amortization, stress-tested) — roughly 284% above the area median.

Median household income: $91,000
Population: 30,600
Median age: 39.6
Owner / renter: 49% / 51%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6G)

$1,790,000· $1,377/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $358,000

Min 20%50%

Mortgage payment$7,634/mo

Property tax (est.)$830/mo

Total monthly$8,464

Cash Needed to Close

Down payment (20%)$358,000

Land transfer tax$64,550

Est. closing costs$7,870

Total cash needed$430,420

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice