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Price Change$1,400,000

221 Palmerston Avenue

Trinity-Bellwoods, Toronto

$1,385,000

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

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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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,827
Lot Size17.25 ft x 127 ft
mls© NumberC13722554
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%
$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.

Down payment20% · $277,000
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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