308 Palmerston Avenue PH07

Palmerston-Little Italy, Toronto, M6J 3X9

$924,999

Reduced $24,001 from $949,000

2+1 bedrooms
2 bathrooms
1 parking
1000-1199 sq ft

Listed 32 days ago · MLS® C13803024

Open house

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About this home

Rare Two-Storey Penthouse at 308 Palmerston Ave! Fantastic location in the heart of Little Italy, just North of Trinity Bellwoods and Queen West. This bright and spacious 2-bedroom + Den, 2-bathroom penthouse features an inviting open layout, floor to ceiling windows, and an impressive 150 sq.ft. private terrace with beautiful views. The main level offers an expansive living and dining area with plenty of natural light, creating an inviting space for both everyday living and entertaining. Upstairs, you'll find two bedrooms, a versatile den, and two full bathrooms, offering excellent separation and privacy. Step outside to your private terrace and enjoy the views and outdoor living space that make this penthouse truly special. Includes 1 underground parking space and 1 storage locker. Ideally located in the heart of Toronto, close to several Parks, University of Toronto, hospitals, transit, restaurants, cafés, shopping, and everything this amazing neighbourhood has to offer. A rare opportunity to own a distinctive two-storey penthouse with exceptional indoor and outdoor space in one of downtown Toronto's most convenient locations.

Details

Type: Common Element Condo
Style: 2-Storey
Age: 16-30 years
Size: 1000-1199 sq ft
Basement: None
Garage: Underground
Kitchens: 1
Property tax: $4,972 (2026)
Maintenance fee: $1,364/month
Neighbourhood: Palmerston-Little Italy
Municipality: Toronto C01
Price per sq ft: $841 (36% above condo townhouses in Toronto, $620)

Interior

Bedrooms: 2 above ground + 1 below
Bathrooms: 1 × 4-piece (second), 1 × 3-piece (second)
Rooms: 5 above ground + 1 below
Family room or den: No
Fireplace: No
Laundry: Ensuite

Heating, cooling and services

Heating: Forced Air, Gas
Air conditioning: Central Air

Building and exterior

Style: 2-Storey
Exterior: Brick, Concrete
Age: 16-30 years

Parking

Garage spaces: 1
Total parking: 1

Condo

Monthly fee: $1,364
Fee includes: Water Included, Common Elements Included, Building Insurance Included, Parking Included
Amenities: Bike Storage, Concierge, Exercise Room, Party Room/Meeting Room
Locker: Owned (level P1)
Balcony: Terrace
Exposure: North
Pets: Yes-with Restrictions
Security: Concierge/Security, Security Guard
Property manager: ICC Property Management Ltd.

Possession: Flexible
Nearby: Hospital, Library, Park, Public Transit, Terraced
Cross street: Palmerston Ave & College St

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

🚇 Bathurst Subway18 min walk
🚇 Christie Subway18 min walk
🚆 Exhibition GO2.3 km

Within a 10-minute walk: 11 grocery stores, 286 cafés and restaurants, 18 parks, 20 pharmacies. Nearest grocery: FreshCo (250 m). Nearest park: Grace - College Parkette (450 m).

Schools nearby

Elementary

King Edward Junior and Senior Public School
EQAO: Gr 6 reading 82%, math 82%5 min walk
St. Francis of Assisi Catholic School Catholic
EQAO: Gr 6 reading 90%, math 60%6 min walk
Clinton Street Junior Public School
EQAO: Gr 6 reading 96%, math 84%7 min walk
École élémentaire Pierre-Elliott-Trudeau French
EQAO: Gr 6 reading 95%, math 91%7 min walk

Secondary

Harbord Collegiate Institute
EQAO: Gr 9 math 77%, literacy test 93%12 min walk
Delta Senior Alternative School12 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6J

Owners / renters: 49% / 51%
Median household income: $90,000
Average age: 40
Children under 15: 10%
Homes: 3% detached, 33% high-rise
Commute by transit: 25%
Population: 32,111

Languages spoken most at home besides English: Portuguese 6.6%, Yue (Cantonese) 3%, Mandarin 2.7%, Spanish 1.1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Trinity-Bellwoods (2025): about the Toronto average, down 17% from the year before.

Assault23% above average
Break and enter85% above average
Auto theft66% below average
Robbery26% below average
Theft from vehicles33% above average
Shootings28% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 1 active

452 BATHURST ST · 150 m

Site Plan · Under Review · applied 2021

Site Plan Approval application to facilitate the redevelopment of the site for a 6-storey mixed-use building having a non-residential gross floor area of…
Application details
399 BATHURST ST · 450 m

Site Plan · Closed · applied 2023

The proposed patient tower has a total height of 15-storeys (13 occupied storeys) and 81.75m including the mechanical penthouse and interstitial mechanical…
Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 3 km. Transit times · Driving times

Coming transit

🚧 Chinatown 1.3 km
🚧 King West GO Transit1.4 km
🚧 Osgoode 1.9 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

Re-Roofing/Re-Cladding · 2023 · Permit Issued
propose to repair exterior masonry and wall flashing on east elevation

2 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

75 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE SIGNATURE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.