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Trinity-Bellwoods, Toronto
$1,385,000
Pretty, perfect, Palmerston! Buyers, 221 Palmerston is the rare blue beauty built to welcome you into home ownership. Uniquely divided into 3 separate units, which can be used as a profitable house hacking opportunity (live on one floor & rent out the rest) or can be easily converted back into a single family home so you can enjoy the whole space. The choice is yours - live on 2 floors and rent out the basement, or rent out 2 units and live in one while you save big, or take the whole home for yourself - Palmerston is flexible 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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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,827 |
| Lot Size | 17.25 ft x 127 ft |
| mls© Number | C13722554 |
| Listed By | SAGE 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%
- $7,089
- Property tax
- $652
- Heat allowance
- $150
- Housing costs
- $7,891 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$243,000
gross annual household income
- Payment at 4%
- $5,828 / mo
- Cash down
- $277,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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