342 Clinton Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,298,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 19 x 82 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Stylish, updated, extra-wide semi-detached home offering the perfect blend of character, functionality, & income potential. The property is currently fully rented but both tenants would be willing to leave with proper notice should you be owner occupying. Features a fantastic owners suite on the main & second floor of the home, 3 bedroom, 2 bath. Lower level is a 1 bedroom basement apartment w/private front entrance. The home was renovated just over 10 years ago & the workmanship is exceptional. Owners suite fts. 9-ft smooth ceilings, pot lights, & dark wood laminate flooring throughout. Open-concept kitchen offers stone countertops, pantry & Samsung s/s appliances. Main floor powder room. Vintage fireplace hearth, & exposed brick accent wall add style & character. Upstairs incl. 3 spacious bedrooms, a spacious primary with an east-facing bay window & a double closet w/ tasteful custom built-ins. The 2nd bedroom also offers a double closet w/ tasteful built-ins. 4-piece bath w/ soaker tub. Large hallway linen closet. Basement apartment w/ very good ceiling height, wood laminate flooring & smooth ceilings. Kitchen is equipped with Whirlpool appliances & a built-in island with additional storage & stylish wall sconces. Includes a good-sized bedroom, 4-piece bath w/ soaker tub & stacked washer & dryer. The unit gets a decent amount of natural light & has its own wide staircase for easy access. Basement only pays hydro as their heat & hot water tank are both electric. The private backyard features a large deck & garden shed. Exterior upgrades include newer windows, attractive stonework, & well-maintained landscaping. Upstairs tenants currently both have City of Toronto street parking permits.A rare opportunity to own a turnkey rental property or your forever home in a sought-after location. Both tenants are month to month & would be willing to stay but will vacate with proper notice & documentation. Income & expenses attached. Reno Summary attached.
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Pricing & Value Insights
Data-driven valuation for 342 Clinton Street, Toronto C01, ON M6G 2Y8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,298,000 in Toronto, the legal minimum down payment is $259,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,435 also applies, bringing the total estimated land transfer taxes to $44,870.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
