$899,999

$924,999For salePrice drop↓ $25,000 (3%)

#PH07 308 Palmerston Avenue, Toronto (Palmerston-Little Italy) - Single Family for Sale

#PH07 308 Palmerston Avenue, Toronto (Palmerston-Little Italy), Ontario, M6J3X9

3 beds2 baths1 parking1,100 ft²$1,364/mo condo feeListed 47 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 47 days, fresher than the Toronto average of 56 days.

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Description

Rare Two-Storey Penthouse at 308 Palmerston Ave! Located on prestigious Palmerston Avenue in the heart of Little Italy, this bright and spacious 2-bedroom + den, 2-bathroom penthouse offers a unique blend of condo convenience and house-like living. Enjoy an open layout, soaring ceilings, floor-to-ceiling windows, and an impressive private terrace with beautiful, unobstructed views of the South Annex's mature tree canopy and historic mansions. The two-storey layout offers excellent separation between living and sleeping spaces, while the terrace provides a wonderful extension of the living area. Includes 1 underground parking space and 1 storage locker. Europa is a welcoming, well-established building cherished by its long-term residents, with proactive management and a healthy reserve fund. Penthouse opportunities here are exceptionally rare. While the suite offers an exciting opportunity to update and personalize the space, its outstanding layout, views, and location provide an exceptional foundation for creating a truly special home. Steps to parks, transit, cafés, restaurants, shopping, the University of Toronto, hospitals, and everything this vibrant neighbourhood has to offer. A rare opportunity to make a distinctive two-storey penthouse your own in one of Toronto's most desirable locations. (id:66096)

Property Details

MLS®: C13803024
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,364/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,972.17/yr
Listed: 47 days ago

Features

Appliances: Washer, Dryer
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Toronto (Palmerston-Little Italy) listings, avg age

56d

Price / ft²

$819

List price

$900K

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 3-bed single family in Toronto (Palmerston-Little Italy) has been listed for 47 days, which is 9 days fresher than the city average of 56. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MARK SANDELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6J)

This home lists at $899,999, about 10.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $175,801 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$899,999· $819/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,999.90

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,400 capitalized)

Property tax (est.)$414/mo

Condo fee$1,364/mo

Total monthly$6,407

Cash Needed to Close

Down payment (7.22%)$65,000

Land transfer tax$28,950

Est. closing costs$5,200

Total cash needed$99,150

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