717 1/2 Palmerston Ave
Annex, Downtown Toronto, M6G 2R2
FOR SALE
$1,799,000
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4 + 1
BEDROOMS6
BATHROOMS2 + 1
KITCHENS12 + 4
ROOMSC11976345
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Property Description
Main House + Legal Basement Apartment + Laneway House In Prime Location = Easy Living & Space for All. This property gives you options! Recently built/updated property offers 3 homes in one of Toronto's most desirable neighbourhoods. Whether you're a growing family, a Live & Rent investor, or looking for multi-generational living, this property has a lot to offer: 3 bdrm main house, legal basement apartment AND a luxurious two-storey Laneway House! This well-designed property w efficient layout, provides flexibility for families & an opportunity to generate mortgage-helping income. You'll find the luxurious 2-storey Laneway House blending modern luxury with thoughtful design. Ideal for extended family, guests, or even as an office or creative space, this Laneway House elevates the overall living experience. Main House: 3 bdrm, 3 bath, office & loft is nestled on a quiet, tree-lined street steps to several parks & Palmerston School.The home boasts modern finishes, hardwood floors & a chef's kitchen.The primary bdrm features a 3-pc ensuite, while the 2nd & 3rd bdrms offer ample space, plus a third floor loft yoga studio/play room. Basement Apartment: vacant, self-contained & legal, this 1 bdrm suite is ideal for generating income or housing extended family. With a charming vibe & large living areas, it can be used as a mortgage helper, nanny suite, or even a private home office. Its the perfect combination of comfort & privacy. Laneway House: two-storey, 670sf Laneway House impresses on every level.A beautiful & modern designed 1 bed, 2 bath luxury retreat with heated floors, a chef's kitchen, large centre island, high-end fixtures/stainless steel appliances, caesar stone countertops & porcelain backsplash.The upstairs bedroom follows the same sophisticated design & has the added luxury of large double closets, ensuite bath with marble floors & double vanities.The second floor also has a stackable washer & dryer closet.
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Nearby Intersections
Bloor & Bathurst (41)
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Lot Size
13' x 125'
Fronting
East
Taxes
$8,119 (2025)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 17.55' x 12.07' | Hardwood Floor, Picture Window, Crown Moulding |
| Dining | Main | 11.75' x 9.35' | Hardwood Floor, Pot Lights, Open Concept |
| Kitchen | Main | 12.11' x 9.15' | Tile Floor, Stainless Steel Appl, Quartz Counter |
| Family | Main | 8.40' x 9.91' | Heated Floor, Picture Window, W/O To Deck |
| Br | 2nd | 10.14' x 9.91' | Hardwood Floor, W/O To Deck, O/Looks Backyard |
| Br | 2nd | 13.52' x 6.40' | Hardwood Floor, Large Window, 4 Pc Bath |
| Prim Bdrm | 2nd | 13.94' x 11.48' | Hardwood Floor, 3 Pc Ensuite, B/I Closet |
| Living | Bsmt | 17.26' x 10.33' | Laminate, Pot Lights, Combined W/Kitchen |
| Kitchen | Bsmt | 17.26' x 10.33' | Stainless Steel Appl, Quartz Counter, B/I Dishwasher |
| Dining | Bsmt | 8.79' x 5.18' | Laminate, Pot Lights, Double Closet |
| Br | Bsmt | 10.93' x 7.81' | Laminate, 4 Pc Bath, Double Closet |
| Living | Main | 8.60' x 10.40' | Heated Floor, Coffered Ceiling, W/O To Patio |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
717 1/2 Palmerston Ave is a 4-bedroom 6-bathroom home listed for sale at $1,799,000, which is $76,711 (4.1%) lower than the average sold price of $1,875,711 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Downtown Toronto increased by $183,887 (10.9%) compared to the previous 30 day period (December 22 - January 20) and down $46,763 (2.4%) from the same time one year ago.Inventory Change
There were 466 4-bedroom homes listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 87.9% compared with the previous 30 day period (December 22 - January 20) and up 30.9% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Downtown Toronto typically sold $7,351 (0.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $37,018 increase compared to the previous 30 day period (December 22 - January 20) and ($17,969) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 38.0%, down from 43.5% over the previous 30 days (December 22 - January 20) and down from 52.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Downtown Toronto stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Associates Realty Inc.
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