492 Euclid Avenue, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13830800
About this home
In short
- Striking Victorian grandeur.
- Soaring ceilings, ornate mouldings, arched window and stained glass.
- Fabulous, oversized 2 bedroom owner's suite with lofty 13 foot cathedral ceilings.
- Separate entrance to basement.
- Walk to U of T, hospitals and Queen's Park.
Striking Victorian grandeur. Prestigious Little Italy street. Sprawling 2,800 square feet, 3 storey stately Victorian home. Elegant period details. Soaring ceilings, ornate mouldings, arched window and stained glass. Easily convert to a distinguished single family. Perfect multigenerational or income producing home, with three charming and presently vacant units. Fabulous, oversized 2 bedroom owner's suite with lofty 13 foot cathedral ceilings. Bright spaces. Exposed brick wall and rooftop deck with a view. West-facing landscaped backyard. Separate entrance to basement. Quiet, one-way street. Few doors from beloved neighbourhood park. Highly-desirable location. Steps to popular College street. Michelin star eateries, local favourites and cafes. Walk to U of T, hospitals and Queen's Park.
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- C13830800
- Bedrooms
- 5
- Bathrooms
- 3
- Size
- 2500-3000 sq ft
- Lot
- 20.83 × 103 ft
- Cross streets
- Euclid/College
- Parking
- 0 parking
- Basement
- Full
- Heating
- Water
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,837 / 2026
- Days on market
- 4
- Listing brokerage
- SUTTON GROUP-ASSOCIATES REALTY INC.
Rooms
closet · hardwood floor
combined w/dining · hardwood floor
cathedral ceiling(s) · large window · hardwood floor
crown moulding · closet · hardwood floor
eat-in kitchen · stainless steel appl · walk-out
open concept · fireplace · hardwood floor
open concept · combined w/dining · combined w/kitchen
closet · hardwood floor
bay window · pot lights · hardwood floor
combined w/living · hardwood floor · large window
stainless steel appl · pantry · w/o to deck
Listed at $1,899,000. 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 $1.88M, if it sells. A realistic range is $1.76M to $2.12M.
Independent value check: $1.57M. Without looking at the asking price, our model values the home itself about 17% below the ask (homes like it typically land between $1.47M and $1.65M).
Why $1.57M. The typical semi-detached home sold in Palmerston-Little Italy over the past year went for about $1.38M (44 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $9,837 a year; the typical home sold here pays about $7,600.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it0 garage and 0 total parking spaces, against 2 and 2 typically.
- ▼ Lowers it slightlyIts lot is 21 by 103 ft; the typical lot sold here is 20 by 125.
Total price vs nearby homes. Likely closing about $1.88M, from 14 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 11 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 $691/sqft against an area asking average of $1,036/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.
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 $2.28M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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
Priced above comparable homes overall, but the price per square foot ($691/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 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.
Nothing 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 $1.57M, which is where my estimate comes from.
Per square foot, these ask about $1,132/sqft; this home lists at $691/sqft. Size is part of the price story, not just the sticker.
The 4 closest 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 $1,519,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,400
- Property tax
- $820
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,220
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,455
- Toronto municipal land transfer tax
- $34,455
- Estimated closing costs
- $68,910
Plus your down payment of $379,800. 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
- $503,995
- Principal paid down
- $185,618
- Interest paid
- $318,377
- Balance remaining
- $1,333,582
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 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 SUTTON GROUP-ASSOCIATES REALTY INC.. MLS®/PropTx.