$5,749,900
386 Palmerston Boulevard, Toronto C01, ON M6G 2N6
6 Beds
7 Baths
8 Parking
Palmerston Boulevard is one of the city's most storied streets. Gated at the entrance, lined with historic cast-iron lampposts, and canopied by mature trees that have watched this neighbourhood evolve for over a century. There is simply no other street like it in Toronto. Little Italy at your doorstep. Restaurants, cafés, culture, and the subway are all within reach - yet the moment you turn onto Palmerston, the city softens. Equally rare as the location is the expansive 50 by 127 foot lot with a private drive, lane access, and the potential to build a two-storey laneway home with an integrated two-car garage. Options like this don't surface often. Step through the pillared front porch into three self-contained units, each with its own distinct character. From traditional to contemporary. Keep it as the turnkey multi-unit property it already is - an intelligent hold in one of Toronto's most enduring neighbourhoods - or reimagine it entirely as a singular grand residence. For those with the vision to create their dream home, few canvases in this city are more compelling. Some addresses find you. This one was waiting for you all along.

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style 2 1/2 Storey
Bedrooms Above Grade 4
Bedrooms Below Grade 2
Bathrooms 7
Kitchens 3
Basement Finished, Separate Entrance, Walk-Up
Exposure West
Possession Flexible

Building

Building Type Detached
Square Footage 3500-5000
Exterior Brick
Roof Asphalt Shingle
Heating Radiant
Heat Source Gas
Cooling Other
Fireplace Yes

Measurements

Lot Size 50 x 127
Lot Size Units Feet
Frontage 50
Depth 127
Total Living Area 3500-5000

Land

Address 386 Palmerston Boulevard, Toronto C01, ON M6G 2N6
City Toronto C01
Community Palmerston-Little Italy
County / Area Toronto
Cross Street Harbord St and Bathurst St
Sewer Sewer
Pool None
Parcel Number 212530319

Parking and Garage

Total Parking 8
Garage Spaces 0
Garage Type None
Parking Features Private

Taxes and Listing Info

List Price $5,749,900
Annual Taxes $22,175
Tax Year 2025
Status Active
Listing Date 2026-06-01T23:48:40Z
Updated 2026-06-02T00:21:53Z
MLS Number C13225554
Local Market Insight

What Buyers Should Know About 386 Palmerston Boulevard, Toronto C01, ON M6G 2N6

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

386 Palmerston Boulevard, Toronto C01, ON M6G 2N6 is positioned in Palmerston-Little Italy, a part of Toronto C01 where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2 1/2 Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Harbord St and Bathurst St, public transit options, parking availability, and drive times to employment areas. A property with 8 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $5,749,900, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 6 bedrooms, 7 bathrooms, basement details marked as Finished, Separate Entrance, Walk-Up, and a lot size of 50 x 127, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Toronto C01, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Palmerston-Little Italy. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 386 Palmerston Boulevard, Toronto C01, ON M6G 2N6, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.