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Palmerston-Little Italy, Toronto
$1,395,000
A hidden gem in the heart of Palmerston-Little Italy! Set back from the street behind a lushfront garden and mature greenery, this beautifully renovated detached home offers anexceptional sense of privacy, extending to its inviting front porch and upper-level patio.Extensively renovated from top to bottom in 2018, including major interior and exteriorimprovements, this charming residence offers 2 bedrooms, 1 bathroom and stylish, contemporaryliving spaces throughout. The bright and inviting main floor features beautiful hardwoodflooring, a spacious living room and a stunning kitchen with an oversized waterfall-styleisland, warm wood cabinetry, stainless steel appliances and a striking tile backsplash. Theadjoining dining area is framed by expansive glass doors opening onto a private, tree-linedbackyard and spacious entertaining deck. Upstairs, the generous primary bedroom featuressliding glass doors leading to a private second-floor terrace, while a beautifully renovatedbathroom showcases a contemporary vanity and glass-enclosed shower. The finished lower levelprovides additional versatile living space, ideal for a recreation room, home office or gym.Extensive improvements include updated electrical, flooring, kitchen, bathroom, appliances andexterior finishes (2018), new front and rear decks and upper-level porch (2020), roofreplacement (2020), tankless hot water heater (2021) and a new sump pump system (2026).Complete with a detached two-car garage with laneway access, this unique home offers theperfect balance of peaceful residential living and downtown convenience, just moments from thecelebrated restaurants, cafés, boutiques and neighbourhood amenities of Little Italy andHarbord Village.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,140
- Property tax
- $657
- Heat allowance
- $150
- Housing costs
- $7,948 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$245,000
gross annual household income
- Payment at 4%
- $5,870 / mo
- Cash down
- $279,000
Assumes no other monthly debts · 25-yr amortization
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