408-456 COLLEGE Street, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13752416
About this home
In short
- Anchored by a restored 1884 Gothic Revival church tower, this boutique residence brings heritage charm to the heart of Palmerston and Little Italy.
- Inside, 721 square feet of bright, west facing living space delivers a functional layout with plenty of storage throughout.
- Enjoy beautiful afternoon light, one parking space and one locker, both conveniently located on P2.
- Steps from incredible restaurants, cafés, Kensington Market, U of T, parks, groceries and the 24 hour College and Bathurst streetcars.
Holy character! Anchored by a restored 1884 Gothic Revival church tower, this boutique residence brings heritage charm to the heart of Palmerston and Little Italy. Inside, 721 square feet of bright, west facing living space delivers a functional layout with plenty of storage throughout. The spacious bedroom easily fits a king size bed and features a walk in closet, while the versatile den can serve as a private office or be converted into a second bedroom. Enjoy beautiful afternoon light, one parking space and one locker, both conveniently located on P2. Building amenities include a rooftop terrace with skyline views, fitness centre, sauna and party room. Steps from incredible restaurants, cafés, Kensington Market, U of T, parks, groceries and the 24 hour College and Bathurst streetcars. A home with smart space, sunshine and some serious architectural soul!
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13752416
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 700-799 sq ft
- Cross streets
- College/Bathurst
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Maintenance
- $1,102/mo
- Exposure
- West
- Property tax
- $2,670 / 2026
- Days on market
- 41
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
Breakfast Area
large window · electric fireplace · overlooks dining
Combined w/Laundry
Centre Island
Walk-In Closet(s)
Large Window
Double Closet
Listed at $689,000, about 15% above our estimate of $599K (homes like it typically land between $557K and $629K).
Why $599K. The typical condo sold in Palmerston-Little Italy over the past year went for about $670K (10 sales). What sets this one apart:
- ▲ Raises itIt is 700 to 799 sq ft; the typical home sold here is 650 to 749.
Total price vs nearby homes. Fair value about $599K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $919/sqft against an area asking average of $863/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 and this building.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $538K. Condition and finishes remain an in-person call.
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 5 homes sold in this building over the past two years, from 23 closings in Palmerston-Little Italy.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $599K, which is where my estimate comes from.
Per square foot, these ask about $751/sqft; this home lists at $919/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & 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 October 19, 2026); conventional rates run a little higher.
Mortgage amount $551,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,048
- Property tax
- $223
- Condo / maintenance fees
- $1,102
- Heating
- $0
- Estimated monthly cost
- $4,372
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,255
- Toronto municipal land transfer tax
- $10,255
- Estimated closing costs
- $20,510
Plus your down payment of $137,800. 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
- $182,861
- Principal paid down
- $67,346
- Interest paid
- $115,514
- Balance remaining
- $483,854
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 6 whole-home leases in Palmerston-Little Italy signed at a median of $2,840 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,676. 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 SAGE REAL ESTATE LIMITED. MLS®/PropTx.