424 Euclid Avenue, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13807964
About this home
In short
- A rare architectural masterpiece where the craftsmanship of 1892 meets uncompromising modern design.
- Completely gutted, restored & reimagined in 2019, 424 Euclid Ave is an exceptional 4+1 bed, 5 bath residence in the heart of Palmerston-Little Italy, showcasing the...
- Original details have been lovingly restored & replicated throughout, including Romanesque arches, Queen Anne Revival elements, ceiling medallions, 12" baseboards...
- Soaring 10'3" ceilings throughout the main flr, European white oak flrs & custom millwork create an atmosphere of refined warmth & timeless sophistication.
- Upstairs, the lux primary suite is a retreat, complete with custom millwork & a 5pc spa-inspired ensuite with steam shower, soaker tub & exquisite tilework.
A rare architectural masterpiece where the craftsmanship of 1892 meets uncompromising modern design. Completely gutted, restored & reimagined in 2019, 424 Euclid Ave is an exceptional 4+1 bed, 5 bath residence in the heart of Palmerston-Little Italy, showcasing the romance & grandeur of its original architecture alongside extraordinary contemporary finishes. Original details have been lovingly restored & replicated throughout, including Romanesque arches, Queen Anne Revival elements, ceiling medallions, 12" baseboards, crown mouldings, hand-carved flower corner blocks & the original front door with period bronze hardware. Soaring 10'3" ceilings throughout the main flr, European white oak flrs & custom millwork create an atmosphere of refined warmth & timeless sophistication. The spectacular Bulthaup kitchen features Gaggenau appliances, Dornbracht fixtures & a dramatic centre island, flowing seamlessly to the dining & living spaces. A restored original fireplace (ornamental), stained glass, custom lighting, automated drapery & B/I speakers are among the many thoughtful details. Upstairs, the lux primary suite is a retreat, complete with custom millwork & a 5pc spa-inspired ensuite with steam shower, soaker tub & exquisite tilework. Additional bedrms & a sep office offer exceptional flexibility. The fully finished lower lvl adds incredible value with an ancillary apartment featuring 9' ceilings - perfect for guests, extended family or add'l income. Outside, professionally designed native gardens by landscape designer Shaun Booth include irrigation, gas line, controlled lighting, snowmelt & a 2-car carport. 200-amp service & infrastructure ready for a laneway house add further potential. Every detail has been considered, from radiant in-floor heating, a water filtration system, HRV, humidification, generator, security & integrated smart-home systems. A truly remarkable home where heritage craftsmanship & exceptional contemporary architecture exist in perfect harmony.
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- C13807964
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 19 × 130 ft
- Cross streets
- College & Euclid
- Parking
- 2 garage (carport)
- Driveway
- Lane
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Water
- A/C
- Central Air
- Exterior
- Brick, Other
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $14,778 / 2026
- Days on market
- 8
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
open concept · centre island · picture window
5 pc ensuite · double sink · soaking tub
3 pc bath · separate shower · b/i vanity
open concept · centre island · breakfast bar
open concept · combined w/living · b/i desk
w/o to garden · b/i closet · concrete floor
picture window · crown moulding · hardwood floor
picture window · b/i closet · crown moulding
separate room · b/i closet · above grade window
separate room · laundry sink · tile floor
w/o to garden · crown moulding · pocket doors
4 pc bath · b/i vanity · combined w/laundry
open concept · combined w/kitchen · stained glass
w/w closet · walk-in closet(s) · bay window
separate room · b/i desk · marble counter
5 pc bath · soaking tub · skylight
b/i closet · vaulted ceiling(s) · hardwood floor
Listed at $7,799,000. 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 $7.71M, if it sells. A realistic range is $7.22M to $8.69M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $7.71M, from 14 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 5 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 $2,400/sqft against an area asking average of $800/sqft.
- 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 Palmerston-Little Italy: 28 of the 142 detached leases here lately were basement units, around $1,750 a month. That makes the suite real income. 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
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 $3.04M. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Clinton Street Junior 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 on this street over the past two years, from 89 closings in Palmerston-Little Italy.
For sale
For sale
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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 $2.99M, which is where my estimate comes from.
Per square foot, these ask about $948/sqft; this home lists at $2,400/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $6,239,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $34,498
- Property tax
- $1,232
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $35,729
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $181,450
- Toronto municipal land transfer tax
- $295,420
- Estimated closing costs
- $476,870
Plus your down payment of $1,559,800. 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
- $2,069,856
- Principal paid down
- $762,315
- Interest paid
- $1,307,541
- Balance remaining
- $5,476,885
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 Palmerston-Little Italy (28 of 142 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 5 whole-home leases in Palmerston-Little Italy signed at a median of $2,974 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,515. 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 CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.