501 Palmerston Blvd
Palmerston-Little Italy, Downtown Toronto, M6G 2P2
FOR SALE
$2,885,000
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Property Description
Fantastic investment opportunity located in a desirable Annex neighbourhood; Detached triplex with 3 self-contained, separately metered units. Over 4000 sq ft of potential living space including an unfinished L/L with shared laundry facilities and high ceilings. Large 33' x 138' lot offers the possibility of adding a garden suite (see attached letter). Walking distance to Bathurst subway, Mirvish Village, U of T, Harbord Village, Parks, Schools and Bloor St. Shops & Restaurants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2025-01-08 | 2025-01-21 | 13 | $3,095,000 | - | Terminated |
| 2024-11-13 | 2025-01-02 | 50 | $3,199,000 | - | Suspended |
| 2024-06-28 | 2024-09-10 | 74 | $3,299,000 | $3,070,000 | Sold |
| 2024-05-11 | 2024-06-26 | 46 | $3,299,000 | - | Terminated |
| 2023-05-03 | 2023-06-26 | 54 | $4,000 | - | Terminated |
| 2021-06-16 | 2021-06-24 | 8 | $2,110,170 | $3,500,000 | Sold |
Nearby Intersections
Bloor & Bathurst (41)
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Lot Size
33' x 139'
Fronting
East
Taxes
$13,555 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Rt-Of-Way
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.01' x 14.67' | French Doors, Laminate |
| Kitchen | Main | 7.35' x 8.99' | Ceramic Floor, W/O To Yard |
| Br | Main | 13.16' x 16.01' | Laminate, Closet |
| 2nd Br | Main | 10.99' x 11.75' | Laminate, Closet |
| 3rd Br | Main | 10.76' x 12.60' | Laminate, Bay Window |
| Living | 2nd | 11.15' x 17.26' | Hardwood Floor, Bay Window |
| Kitchen | 2nd | 9.25' x 9.42' | Eat-In Kitchen, Ceramic Floor |
| Br | 2nd | 10.83' x 11.32' | Hardwood Floor, Closet |
| 2nd Br | 2nd | 7.68' x 10.76' | Hardwood Floor, Closet |
| 3rd Br | 2nd | 12.01' x 12.40' | Hardwood Floor, Closet, Walk-Out |
| Living | 3rd | 12.76' x 13.42' | Laminate, Closet, W/O To Deck |
| Br | 3rd | 9.25' x 12.99' | Laminate, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
501 Palmerston Blvd is a 7-bedroom 3-bathroom home listed for sale at $2,885,000, which is $301,667 (11.7%) higher than the average sold price of $2,583,333 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 7 bedroom home in Downtown Toronto increased by $633,333 (32.5%) compared to the previous 30 day period (December 22 - January 20) and down $1,288,083 (33.3%) from the same time one year ago.Inventory Change
There were 11 7-bedroom homes listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 175.0% compared with the previous 30 day period (December 22 - January 20) and up 22.2% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Downtown Toronto typically sold ($115,000) (4.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $123,888 increase compared to the previous 30 day period (December 22 - January 20) and ($226,583) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 7-bedroom homes in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 27.3%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 3-bathroom home in Downtown Toronto stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Slavens & Associates Real Estate Inc.
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