141 Palmerston Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13434248
About this home
Rare Gem on One of Toronto's Most Coveted Streets! Welcome to 141 Palmerston Ave, a beautifully maintained 2-storey semi-detached home nestled on the legendary tree-lined Palmerston St, one of the most sought-after addresses in the city. This exceptional property offers three self-contained units, making it a dream for savvy investors or homeowners looking to offset their mortgage with rental income.The main floor and second floor each feature spacious 2-bedroom, 1-bath layouts, while the basement provides two separate walkout access points, a rare and highly desirable feature that adds incredible flexibility and privacy for tenants. Whether you're looking to live in one unit and rent the others, or maximize your investment portfolio, the possibilities here are truly endless. Step outside and you're immediately immersed in the best of Toronto living, just steps to the vibrant energy of Dundas St W, the charm of Little Italy, the iconic Trinity Bellwoods Park, and the trendy Ossington strip. World-class dining, boutique shopping, cafes, and culture are all right at your doorstep.And in a neighbourhood where parking is pure gold? This property delivers, a detached garage with private laneway access ensures you'll never have to compromise.Opportunities like this on Palmerston don't come around often. Don't miss your chance to own a piece of one of Toronto's most beloved streets.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- C13434248
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 3
- Size
- 1500-2000
- Lot
- 18.5 × 110 ft
- Cross streets
- Palmerston and Dundas
- Parking
- 2 garage (detached)
- Driveway
- Lane
- Basement
- Apartment, Separate Entrance
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $7,488 / 2025
- Days on market
- 36
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Listed at $1,459,000, this home is about 6% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($834/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 18 similar homes nearby, adjusted for size, beds, and baths.Median of 18 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.71M, higher than the comparables and worth a second look.
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 $833K
- Adjusts to $833K
That comparable adjusts to $833K; the $1.38M estimate above is the median of all 18 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.
On location, this is a very walkable address with everyday errands close by. Bathurst St at Dundas St West (Toronto Western Hospital) is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.38M, median of 18 comparables.
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 21% below the area average of $1,062/sqft.
31 days longer than the Toronto average (5 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.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Bathurst St at Dundas St West (Toronto Western Hospital), about 180 m away
Within a 15-minute (1.5 km) walk.
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $1,167,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,229
- Property tax
- $624
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,853
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,655
- Toronto municipal land transfer tax
- $25,655
- Estimated closing costs
- $51,310
Plus your down payment of $291,800. 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
- $373,717
- Principal paid down
- $148,643
- Interest paid
- $225,074
- Balance remaining
- $1,018,557
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.