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Trinity-Bellwoods, Toronto
$1,099,000
Perfect on Palmerston! Buyers, 221 Palmerston is the rare and affordable blue beauty meant for you. A traditional semi-detached that's uniquely divided into 3 separate units, but *easily re-converted into a single family home*. ***** Currently presented as a cheaper-than-rent house hacking opportunity: (1) live in the main & 2nd floor and rent out the basement, (2) or live on 1 floor and rent out 2 and save big, (3) or take the whole home for yourself -- Palmerston is flexible and ready to fit your needs. ***** Plus, its detached two car garage checks off all the boxes and then some, with potential to become a ~1135 sqft 2 storey laneway house for extra income or an in-law suite. ***** True pride of ownership, beautiful inside and out, including its backyard oasis shielded from the city with planters & grapevines, plus a balcony with CN tower views. ***** Placed in the covetable, tree-lined & quiet stretch of Palmerston, while also being extremely convenient: perfectly in the middle of Little Italy, Trinity-Bellwoods, Ossington and Kensington, and 1-2 blocks from streetcars and everything you need. This is the one.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,827 |
| Lot Size | 17.25 ft x 127 ft |
| mls© Number | C13854862 |
| Listed By | SAGE REAL ESTATE LIMITED |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,625
- Property tax
- $652
- Heat allowance
- $150
- Housing costs
- $6,427 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$198,000
gross annual household income
- Payment at 4%
- $4,625 / mo
- Cash down
- $219,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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