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Palmerston-Little Italy, Toronto
$1,449,000
Nestled on a quiet, tree-lined street in Palmerston/Little Italy, this exceptional 3-bedroom, 2-bathroom family home beautifully balances residential tranquility with urban sophistication. Stepping inside, the cozy living room overlooks the welcoming front porch and flows effortlessly on the hickory hardwood floors into the heart of the home: a spacious, open-concept dining area and updated kitchen equipped with stainless steel appliances & quartz countertops. At the rear, a sunlit office and mudroom utilizes expansive sliding glass doors providing an abundance of natural light, creating a seamless transition to the outdoors. Upstairs, follow the brand-new hickory hardwood floors through three well-appointed bedrooms designed with comfort in mind, plus an updated four-piece bathroom. In the primary bedroom, you'll find the wall-to-wall wardrobes offering tons of storage. The lower level extends the home's capability, featuring a bright basement with a separate entrance, a second kitchen, and a great living space (ideal for an in-law suite or extra income), a shared laundry area, abundant storage, and an immaculate cold storage room/cantina. The backyard serves as a private downtown oasis, featuring a landscaped, mature garden for quiet evenings or entertaining. Behind the garden sits a custom-built (2023) oversized one-car garage complete with a roller door and very high ceilings--perfect for a golf simulator! It also features a large skylight, ample storage and a climate-controlled heat pump system providing 4-season use. Equipped with a high-efficiency furnace and central air conditioning, this home is entirely turnkey. Situated steps from Christie subway station, the vibrant culture of Little Italy, Christie Pits & Bickford Park, shops & restaurants on College Street and local cafes, 384A Montrose Avenue offers a seamless downtown lifestyle with the bonus of income potential. Please see the listing attachments for 2-storey coach house plans.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,791 |
| Lot Size | 15 ft x 119 ft |
| mls© Number | C14103892 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,417
- Property tax
- $566
- Heat allowance
- $150
- Housing costs
- $8,133 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$250,000
gross annual household income
- Payment at 4%
- $6,098 / mo
- Cash down
- $289,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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