257 Concord Avenue, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C12611292
About this home
In short
- Home with Two Apt Units: Apt 2 Second/Third Floor renovations have finally been completed (4 months long).
- Apt 1: Tenants on Month-to-Month, former Owners' apt, open-concept main-floor, renovated kitchen with stainless steel appliances, marble counter and many other upgrades.
- This home is very close to the Ossington Subway station and multiple transit options.
- Since 2022, to name a few, new electrical completed with permits, new furnace, new central air conditioning, hot water tank owned, new electrical panel, new flooring...
- As per Apt 1 tenant's request and respect for tenant's privacy, no interior photos are posted.
Home with Two Apt Units: Apt 2 Second/Third Floor renovations have finally been completed (4 months long). Now, rented on a lease for $3,600/month plus hydro. Tens of thousands of dollars have been spent upgrading this apartment. Apt 1: Tenants on Month-to-Month, former Owners' apt, open-concept main-floor, renovated kitchen with stainless steel appliances, marble counter and many other upgrades. Can be used as a 2 or 3-Bdrm apartment. Apt 2: is a 3-bedroom apt. Mechanically sound home, but we will let your Home inspector verify this. Possibilities abound: live in one unit and use the $3,600/month to help pay the mortgage, or assume both Tenants, or maybe in the future you want to convert back to a very large single-family home with still a potential basement ensuite. Parking from the laneway, 2 spots depending on vehicle size. This home is very close to the Ossington Subway station and multiple transit options. Fenced-in backyard with a shed included. This owner has pride of ownership and has made multiple renovations over the years. Since 2022, to name a few, new electrical completed with permits, new furnace, new central air conditioning, hot water tank owned, new electrical panel, new flooring, new drywall and plaster walls and ceilings, new paint, new drains and basement flooring, new full-sized stainless steel refrigerator, new stainless steel induction stove and oven on the second floor. A complete renovation of the main floor and basement some years ago. As per Apt 1 tenant's request and respect for tenant's privacy, no interior photos are posted. Showings are available by appointment with appropriate notice. The seller is confident about the property and its condition; there might be a possible discussion for some Seller-assisted financing.
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- C12611292
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 15 × 128 ft
- Cross streets
- Bloor Street West & Ossington Avenue
- Parking
- 2 parking
- Driveway
- Lane, Available
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Asphalt Shingle, Rolled
- Sewer
- Sewer
- Property tax
- $8,559 / 2025
- Days on market
- 295
- Listing brokerage
- BOUTIQUE REAL ESTATE CORPORATION
Rooms
combined w/living · open concept
combined w/dining · open concept
combined w/living · combined w/living
hardwood floor · w/o to sundeck
pocket doors · large window
Bay Window
Listed at $1,495,000. Going by how homes in Palmerston-Little Italy and the wider GTA have actually closed against their asking prices (about 99%, 14 local closings in 90 days), the likely sale price is near $1.48M, if it sells. A realistic range is $1.38M to $1.67M.
Independent value check: $1.44M. Without looking at the asking price, our model values the home itself about 4% below the ask (homes like it typically land between $1.35M and $1.51M).
Why $1.44M. The typical semi-detached home sold in Palmerston-Little Italy over the past year went for about $1.38M (44 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,559 a year; the typical home sold here pays about $7,600.
Longer on the market than typical. 295 days on the market against about 13 for homes like it here, and asking 4% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.48M, from 14 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 11 semi-detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $854/sqft against an area asking average of $1,021/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.49M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (King Edward Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Palmerston-Little Italy, so I widened the search to the surrounding area.
Based on 3 homes sold on this street over the past two years, plus 2 nearby in Palmerston-Little Italy, from 89 closings in Palmerston-Little Italy.
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.44M, which is where my estimate comes from.
Per square foot, these ask about $860/sqft; this home lists at $854/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & location
Palmerston-Little Italy, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.
Mortgage amount $1,196,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,613
- Property tax
- $713
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,326
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,375
- Toronto municipal land transfer tax
- $26,375
- Estimated closing costs
- $52,750
Plus your down payment of $299,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $396,773
- Principal paid down
- $146,129
- Interest paid
- $250,644
- Balance remaining
- $1,049,871
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 7 whole-home leases in Palmerston-Little Italy signed at a median of $4,748 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,466. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of BOUTIQUE REAL ESTATE CORPORATION. MLS®/PropTx.