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New2 hours ago

221 Palmerston Avenue

Trinity-Bellwoods, Toronto

$1,099,000

Semi-Detached |2-Storey
4 | 3 | 2
About this home

Perfect on Palmerston! Buyers, 221 Palmerston is the rare and affordable blue beauty meant for you. A traditional semi-detached that's uniquely divided into 3 separate units, but *easily re-converted into a single family home*. ***** Currently presented as a cheaper-than-rent house hacking opportunity: (1) live in the main & 2nd floor and rent out the basement, (2) or live on 1 floor and rent out 2 and save big, (3) or take the whole home for yourself -- Palmerston is flexible and ready to fit your needs. ***** Plus, its detached two car garage checks off all the boxes and then some, with potential to become a ~1135 sqft 2 storey laneway house for extra income or an in-law suite. ***** True pride of ownership, beautiful inside and out, including its backyard oasis shielded from the city with planters & grapevines, plus a balcony with CN tower views. ***** Placed in the covetable, tree-lined & quiet stretch of Palmerston, while also being extremely convenient: perfectly in the middle of Little Italy, Trinity-Bellwoods, Ossington and Kensington, and 1-2 blocks from streetcars and everything you need. This is the one.

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,827
Lot Size17.25 ft x 127 ft
mls© NumberC13854862
Listed BySAGE REAL ESTATE LIMITED

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,625
Property tax
$652
Heat allowance
$150
Housing costs
$6,427 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $219,800
25-yr amortization

Income needed

$198,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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