386 Palmerston Blvd
Palmerston-Little Italy, Toronto, Ontario M6G 2N6
- Bedrooms
- 4+2
- Bathrooms
- 7
- Size
- 3,500–5,000sq ft
- Per sq ft
- $1,353at the range’s middle
- Lot
- 50 x 127 ft
- Tax a year
- $22,1752025 tax year
- Parking
- 8none
- Days on market
- Members
The brief
About 386 Palmerston Blvd
386 Palmerston Blvd is a 4+2-bedroom, 7-bathroom detached house in Palmerston-Little Italy, Toronto, listed for sale at an asking price of $5,749,900 (MLS® C13225554).
Palmerston Boulevard is one of the city's most storied streets. Gated at the entrance, lined with historic cast-iron lampposts, and canopied by mature trees that have watched this neighbourhood evolve for over a century. There is simply no other street like it in Toronto. Little Italy at your doorstep. Restaurants, cafés, culture, and the subway are all within reach - yet the moment you turn onto Palmerston, the city softens. Equally rare as the location is the expansive 50 by 127 foot lot with a private drive, lane access, and the potential to build a two-storey laneway home with an integrated two-car garage. Options like this don't surface often. Step through the pillared front porch into three self-contained units, each with its own distinct character. From traditional to contemporary. Keep it as the turnkey multi-unit property it already is - an intelligent hold in one of Toronto's most enduring neighbourhoods - or reimagine it entirely as a singular grand residence. For those with the vision to create their dream home, few canvases in this city are more compelling. Some addresses find you. This one was waiting for you all along.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$21,381/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 51 detached homes with 6 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $22,175 / 2025
- MLS® number
- C13225554
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 50 x 127 ft
- Listed on
- Parking
- None, 8 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2 1/2 Storey
- Community
- Palmerston-Little Italy
- Municipality
- Toronto
Building
- Size
- 3500-5000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+2
- Bathrooms
- 7
- Bathroom Details
- 1 × 2pc Main, 1 × 6pc 2nd, 1 × 2pc 2nd, 2 × 5pc 3rd, 2 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 2
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 8
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- Other
- Heating Type
- Radiant
Land
- Sewer
- Sewers
- Frontage
- 50 ft
- Depth
- 127 ft
- Lot Size
- 50 x 127 ft
Additional
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All existing appliances as follows: S/S Kitchen Aid French Door Fridge, S/S Bosch Dishwasher, 2 S/S Viking Ovens, S/S 5-burner Gas Range, S/S Hood, S/S Vinopazzo Wine Fridge, Whirpool Washer & Dryer, S/S Samsung Side-by-Side Fridge, S/S Bosch Dishwasher, S/S Blomberg 5 Burner Gas Range with Oven, S/S Vent-A-Hood Hood, S/S Panasonic Microwave, Stacked Blomberg Washer & Dryer, S/S Whirlpool French Door Fridge, S/S Whirpool Stove, S/S Cyclone Hood, S/S Bertazzoni Dishwasher, All Existing Window Coverings
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.53 × 5.75 m | hardwood floor, Formal Rm, Bay Window | Main |
| Dining | 3.96 × 5.18 m | hardwood floor, Formal Rm, Large Window | Main |
| Kitchen | 4.57 × 6.22 m | Marble Counter, Centre Island, Eat-In Kitchen | Main |
| Family | 3.68 × 4.93 m | hardwood floor, Formal Rm, O/Looks Backyard | Main |
| Primary | 3.96 × 4.42 m | hardwood floor, 6 Pc Ensuite, Pot Lights | 2nd |
| Kitchen | 4.11 × 4.6 m | hardwood floor, W/O To Balcony, Stainless Steel Appl | 2nd |
| Living | 3.53 × 6.55 m | hardwood floor, Fireplace | 2nd |
| Primary | 4.39 × 4.57 m | hardwood floor, W/O To Balcony, Pot Lights | 3rd |
| 2nd Br | 3.48 × 3.96 m | hardwood floor, 4 Pc Ensuite, Pot Lights | 3rd |
| 3rd Br | 2.51 × 4.17 m | hardwood floor, Skylight | 3rd |
| Living | 3.73 × 4.17 m | Walk-Out, Pot Lights, Window | Lower |
| Kitchen | 3.68 × 3.76 m | Eat-In Kitchen, Stainless Steel Appl, Window | Lower |
| Primary | 3.45 × 4.65 m | Pot Lights, B/I Closet, Window | Lower |
| 2nd Br | 3.25 × 3.56 m | Pot Lights, Window | Lower |
Listing history
Buy/sell history for 386 Palmerston Blvd, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $5,749,900 | N/A | For Sale | C13225554 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $1,149,980
- Total mortgage amount
- $4,599,920
- Total interest payment
- $3,269,980
- Total purchase cost
- $9,019,880
- Mortgage payment
- $26,233/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
85%Monthly carrying cost
$28,081- Rent $6,700
- Shortfall $21,381
Rental income opens at $6,700, the median asking rent of 51 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $130,223
- Toronto municipal land transfer tax
- $182,720
- Total land transfer tax
- $312,943
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $304,468
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $5,749,900
- $93,748
- Ontario total
- $130,223
Toronto’s municipal tax has its own higher brackets at this price, so it adds $182,720.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 6,350 sq ft590 m²
- Street frontage
- 50 ft15.2 m
- Depth
- 127 ft38.7 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 97 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 3.1 km3.1 km
- Mapped parcel: about 3,960 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is The Governing Council of the University of Toronto — St George Campus, 1.3 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d0.6) (x735)By-law
569-2013Municipality
Toronto1 d0.6
Density: floor area is capped at 0.6 times the lot area.
2 x735
Site-specific exception 735: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(735)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Interior AlterationsClosed
REV 01: Revision to balcony at frontProposal for interior alterations to convert existing SFD-detached dwelling to a two (2) units dwelling.
Issued October 24, 2017
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations to convert existing SFD-detached dwelling to a two (2) units dwelling.
Issued January 3, 2017
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations to convert existing SFD-detached dwelling to a 2 unit dwelling.
Issued July 15, 2016
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 3 open development applications within 800 m of this home.
452 BATHURST STSite planUnder Review
Site Plan Approval application to facilitate the redevelopment of the site for a 6-storey mixed-use building having a non-residential gross floor area of 365.70 square metres, and a residential gross floor area of 5,543.5 square metres. A total of 49 residential dwelling units are proposed. A Zoning By-law Amendment application is being processed concurrently. See 21 226193 STE 11 OZ.
480 m away736 BATHURST STOfficial plan or zoning amendmentUnder Review
Zoning By-law Amendment for a 40-storey mixed-use building containing 386 rental dwelling units and cultural/commercial space at-grade. The existing Bathurst Methodist Church will be retained.
540 m away309 AUGUSTA AVEOfficial plan or zoning amendmentUnder Review
Proposed six storey hotel with restaurant components containing 2194sqm of non-residential gross floor area. No parking is proposed.
770 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Palmerston-Little Italy right now
- For sale now
- 5
- Median asking price
- $3.4M
- New in 7 days
- 0
- Price cuts
- 0%
Middle half: $1.75M to $5.75M
1 in 28 days
0 listings
This home is asking 69% above the median.
See all homes in Palmerston-Little ItalyAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Christie Station | TTC subway: Line 2 Bloor-Danforth | 800 m |
| Bathurst Station | TTC subway: Line 2 Bloor-Danforth | 850 m |
| Spadina Station | TTC subway: Line 1 Yonge-University, Line 2 Bloor-Danforth | 1.1 km |
| Exhibition GO | GO Transit train: Lakeshore West | 2.6 km |
| Forest Hill Station | TTC light rail: Line 5 Eglinton | 4.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Clinton Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 250 m | 92%Grade 6 average |
| King Edward Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 350 m | 82%Grade 6 average |
| St Francis of Assisi Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 350 m | 80%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 750 m | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Harbord Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 350 m | 77%Grade 9 math |
| Central Technical SchoolToronto DSB | Public · grades 9–12 | 550 m | 34%Grade 9 math |
| Loretto College SchoolToronto CDSB | Catholic · grades 9–12 | 700 m | 40%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 2.4 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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