179 Palmerston Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13711140
About this home
In short
- Immerse Yourself In The Splendor Of This Remarkable Three-Storey Family Home Crafted By Elviano Design-Build & Sensus Design Studio In The Heart Of Trinity-Bellwoods...
- The Main Floor Unveils An Optimal Open-Concept Living Experience With Expansive Living And Dining Areas, Soaring Ceilings, Custom Built-Ins That Beautifully Capture...
- The Captivating Eat-In Kitchen Offers A Seamless Walk-Out To The Landscaped Yard And Patio, Creating The Perfect Setting For Entertaining And Everyday Living.
- The Lower Level Impresses With A Spacious Recreation Room With Wet Bar, Dedicated Exercise Area, Nanny Suite, Laundry Facilities, And A Separate Entrance.
Immerse Yourself In The Splendor Of This Remarkable Three-Storey Family Home Crafted By Elviano Design-Build & Sensus Design Studio In The Heart Of Trinity-Bellwoods, Toronto's Beloved Neighbourhood. This Home Boasts Unparalleled Updates And Exquisite Finishes Across Every Level. The Main Floor Unveils An Optimal Open-Concept Living Experience With Expansive Living And Dining Areas, Soaring Ceilings, Custom Built-Ins That Beautifully Capture The Builder's Vision, A Stunning Gas Fireplace With Porcelain Slab Finish, And A Walk-Out To The Private Front Porch. The Captivating Eat-In Kitchen Offers A Seamless Walk-Out To The Landscaped Yard And Patio, Creating The Perfect Setting For Entertaining And Everyday Living. The Third Level Serves As A Private Sanctuary Featuring A Luxurious Ensuite Bathroom, Spacious Walk-In Closet, And Secluded Rooftop Balcony, While The Second Floor Showcases Three Generously Sized Bedrooms, Each Complete With Its Own Ensuite Bathroom. The Lower Level Impresses With A Spacious Recreation Room With Wet Bar, Dedicated Exercise Area, Nanny Suite, Laundry Facilities, And A Separate Entrance. Just Minutes From Trinity Bellwoods Park, Little Italy, The City's Finest Culinary Scene, Vibrant Nightlife, Schools, Hospitals, And More, This Exceptional Residence Is An Unmissable Gem In One Of Toronto's Most Coveted Communities.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- C13711140
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 19.17 × 120 ft
- Cross streets
- Dundas and Bathurst
- Parking
- 2 garage (detached)
- Driveway
- Lane
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $12,058 / 2025
- Days on market
- 17
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
walk-out · hardwood floor · built-in speakers
porcelain floor · walk-in closet(s) · wall sconce lighting
semi ensuite · hardwood floor · pot lights
pot lights · porcelain floor · above grade window
pot lights · wet bar · walk-out
3 pc ensuite · hardwood floor · b/i closet
breakfast area · hardwood floor · picture window
gas fireplace · pot lights · built-in speakers
6 pc ensuite · walk-in closet(s) · w/o to balcony
w/o to balcony · semi ensuite · double closet
Listed at $2,600,000. My estimate lands at $1.68M, so the ask sits about 55% above what comparable sales suggest. A gap that wide can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look at what justifies it before you offer. Treat the figure as a starting point: tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Second read, from the city assessment: $2.35M. That is about 40% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $1.68M, median of 12 comparables.
The market behind the math:
About 6.8 months of inventory: 9 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,486/sqft against an area asking average of $1,283/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Trinity-Bellwoods: 11 of the 72 detached leases here lately were basement units, around $2,250 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 12 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $2.35M, higher than the comparables and worth a second look.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
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 Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in Trinity-Bellwoods over the past two years, from 37 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.68M, which is where my estimate comes from.
Per square foot, these ask about $1,184/sqft; this home lists at $1,486/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $2,080,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,214
- Property tax
- $1,005
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,218
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,475
- Toronto municipal land transfer tax
- $51,475
- Estimated closing costs
- $102,950
Plus your down payment of $520,000. 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
- $672,811
- Principal paid down
- $261,784
- Interest paid
- $411,027
- Balance remaining
- $1,818,216
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
The suite is real income here: basements rent in Trinity-Bellwoods (11 of 72 recent detached leases were basement units, around $2,250 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,250 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 11 whole-home leases in Trinity-Bellwoods signed at a median of $8,332 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,488. 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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.