53 Palmerston Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C12990402
About this home
Discover an extraordinary architectural residence on Palmerston Avenue, one of Trinity Bellwoods' most sought-after streets. With history dating back to the 1860s, the home has gone through an extensive transformation, including a remarkable custom addition crafted by Whitaker Construction, a firm widely regarded as one of the city's leading builders, elevating it into a true design landmark. Featured in the Toronto Star in an article titled "Is this the coolest living room in Toronto?" the answer is, yes. The main living space showcases striking 20-foot ceilings anchored by a sprawling sunken lounge, designed with a clean aesthetic that blends warmth with modern design. With east and west exposure, the combination of floor-to-ceiling glass and two large skylights allows natural light to pour through the entire home. The property features meticulous millwork in natural oak, micro-cement walls, heated concrete floors, and recessed lighting that together create a sense of calm sophistication. A beautifully designed mezzanine level, part of the custom addition overlooks the main living space and features a serene library with arched custom shelving, creating an inspiring, light-filled vantage point with views of the city skyline. This thoughtfully planned 3-bedroom residence includes an entire third level dedicated to the primary retreat, featuring a spa-like ensuite that extends to an expansive private rooftop terrace, partially covered and perfectly positioned for Toronto skyline and CN Tower views. An oversized double-sided 1.5 car garage provides exceptional functionality, accommodating two smaller vehicles or offering ample additional space. The lower level includes a washroom and a dedicated area ideal for storage. Celebrating craftsmanship and innovation at every turn, every element has been curated with exceptional intention, resulting in a home that is both artful and livable, an inspired piece of architecture rarely found in the city.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- C12990402
- Bedrooms
- 3
- Bathrooms
- 4 (2 half)
- Size
- 2500-3000
- Lot
- 18.17 × 135 ft
- Cross streets
- QUEEN ST W & BATHURST
- Parking
- 15 garage · 2 parking (detached)
- Driveway
- None
- Basement
- Finished
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $13,708 / 2025
- Days on market
- 100
- Listing brokerage
- PSR
Rooms
hardwood floor · open concept
hardwood floor · closet organizers · bay window
hardwood floor · overlooks living · overlooks backyard
hardwood floor · open concept
2 Pc Bath
hardwood floor · closet organizers
modern kitchen · b/i appliances · centre island
open concept · heated floor · recessed lighting
5 pc ensuite · closet organizers · w/o to terrace
hardwood floor · overlooks living · open concept
Listed at $3,895,000, this home is tracking about 16% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
In Trinity-Bellwoods lately, sellers have been getting about 103% of asking and homes sell in about 17 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.69M, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $2.70M
- Bedrooms −$240K
- Bathrooms +$30K
- Adjusts to $2.49M
That comparable adjusts to $2.49M; the $3.35M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Charles G Fraser Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $3.35M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 20% above the area average of $1,177/sqft.
99 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Trinity-Bellwoods, 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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $3,116,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,628
- Property tax
- $1,142
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,770
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $83,850
- Toronto municipal land transfer tax
- $92,800
- Estimated closing costs
- $176,650
Plus your down payment of $779,000. 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
- $997,688
- Principal paid down
- $396,823
- Interest paid
- $600,865
- Balance remaining
- $2,719,177
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of PSR. MLS®/PropTx.