53 Palmerston Avenue

Bellwoods, Toronto

53 Palmerston Avenue, Bellwoods, Toronto

$4,100,000

Bedrooms: 3

Bathrooms: 4

Living Area: 2,500 sqft

Price Per Sqft: $1,640.00

About this Detached

in Bellwoods, Toronto

Discover an extraordinary architectural residence on Palmerston Avenue, one of Trinity Bellwoods' most sought-after streets. With history dating back to the 1860s, the home has gone through an extensive transformation, including a remarkable custom addition crafted by Whitaker Construction, a firm widely regarded as one of the city's leading builders, elevating it into a true design landmark. Featured earlier this year in the Toronto Star in an article titled "Is this the coolest living room in Toronto?" the answer is, yes. The main living space showcases striking 20-foot ceilings anchored by a sprawling sunken lounge, designed with a clean aesthetic that blends warmth with modern design. With east and west exposure, the combination of floor-to-ceiling glass and two large skylights allows natural light to pour through the entire home. The property features meticulous millwork in natural oak, micro-cement walls, heated concrete floors, and recessed lighting that together create a sense of calm sophistication. A beautifully designed mezzanine level, part of the custom addition overlooks the main living space and features a serene library with arched custom shelving, creating an inspiring, light-filled vantage point with views of the city skyline. This thoughtfully planned 3-bedroom residence includes an entire third level dedicated to the primary retreat, featuring a spa-like ensuite that extends to an expansive private rooftop terrace, partially covered and perfectly positioned for Toronto skyline and CN Tower views. An oversized double-sided 1.5 car garage provides exceptional functionality, accommodating two smaller vehicles or offering ample additional space. The lower level includes a washroom and a dedicated area ideal for storage. Celebrating craftsmanship and innovation at every turn, every element has been curated with exceptional intention, resulting in a home that is both artful and livable, an inspired piece of architecture rarely found in the city.

Listed by PSR.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
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* This material is for informational purposes only.

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