Palmerston-Little Italy Homes under $1.5 million

Palmerston-Little Italy Homes under $1.5 million

Welcome to Palmerston-Little Italy, a vibrant neighborhood in the heart of Toronto that perfectly blends urban charm with a welcoming community spirit. Nestled between the bustling streets of College and Bloor, this area is renowned for its rich cultural heritage, eclectic dining options, and lively atmosphere, making it one of the city's most desirable places to call home.

As you stroll through Palmerston-Little Italy, you'll be captivated by its picturesque tree-lined streets, historic architecture, and a delightful mix of boutique shops and cafes. The neighborhood is a culinary haven, boasting an array of restaurants offering everything from authentic Italian cuisine to trendy brunch spots. Whether you’re in the mood for a cozy café or a lively bar, the options are endless.

Families and young professionals alike are drawn to Palmerston-Little Italy for its strong sense of community and excellent amenities. The area is home to several parks, including the lovely Palmerston Park, which offers green spaces for relaxation, sports facilities, and playgrounds for children. The neighborhood is also well-connected to public transit, making commuting to downtown Toronto a breeze.

For those looking to invest in this charming community, there are a variety of homes available under $1.5 million. From cozy Victorian houses to modern condos, you’ll find a diverse selection that caters to different tastes and lifestyles. With its unique blend of culture, convenience, and community spirit, Palmerston-Little Italy is not just a place to live; it’s a place to thrive. Come discover your dream home in this enchanting neighborhood!

Newest Palmerston-Little Italy Homes under $1.5 million

628 Ossington Avenue, Toronto
$1,299,000
2 Beds ⋅ 3 Baths ⋅ C13856864 MLS
Renovated, stylish, and made for city living, this 2-bed, 3-bath home with parking pairs thoughtful updates with a functional floor plan and a covetable west-end location. The open-concept main floor is designed for everyday living and entertaining, with bamboo hardwood floors, thoughtful built-in storage, ample natural light from large, bright windows, crown moulding, built-in speakers, and a convenient powder room. A renovated kitchen (2026), complete with brand new stainless steel appliances, stone counters, subway tile backsplash, and a walkout that makes summer dinners and weekend get-togethers easy. Step outside to your own private backyard, where mature greenery, a landscaped pond, and a covered deck create a peaceful escape from the city. Upstairs, two spacious bedrooms share a generous 6pc bath and ultra-convenient second-floor laundry. Downstairs, the finished basement gives you room to adapt as life changes, with a rec room, additional 3pc bath, & separate entrance, ideal for movie nights, a home office, or workout space. A convenient laneway parking space adds everyday convenience. Behind the style are substantial peace of mind updates, including furnace (2026), central air conditioning (2026), interior and front exterior painting (2026), exterior parging (2026), electrical panel (2026), roof (2022), Eco-Energy doors and windows, two additional mini-split heat pump units (2017), and an owned water heater. An unbeatable location, with long-term, friendly neighbours, here you're surrounded by the best of the west. This is also a transit hub: choose from the subway, streetcar, bus, or bike share to be across the city in minutes. On weekends, wander to Christie Pits, explore Little Italy, enjoy coffee along Bloor, or spend the afternoon strolling the Ossington strip. The options are endless! Stylishly renovated, thoughtfully updated, and set in a spectacular west-end pocket, this is city living at it's finest!

628 Ossington Avenue, Toronto

456 College Street Unit 415, Toronto
$484,800
2 Beds ⋅ 1 Baths ⋅ C13814848 MLS
Free maintenance fees for a year! Two bedrooms, great natural light, CN Tower views, and a 100 Walk Score - all in the heart of one of Toronto's most vibrant neighbourhoods. Set in a well-maintained, character-filled building, this bright and spacious approximately 700 sq. ft. suite gives you the best of Little Italy living. Freshly painted and move-in ready, it features brand-new appliances, new countertops, two proper bedrooms and plenty of natural light throughout. Wake up to a view of the CN Tower, then head downstairs and you're immediately surrounded by some of the city's best cafés, restaurants, bars, shops and neighbourhood staples. The location is hard to beat. You're steps from the College and Spadina streetcars and just minutes from U of T, Kensington Market, the Annex and downtown. Whether you're grabbing coffee, meeting friends for dinner or simply wandering the neighbourhood, there's always something happening just outside your door. Back at home, the building offers a gym, sauna and rooftop terrace - because sometimes you want to enjoy the city without actually leaving home. There's also guaranteed rental parking for just $100/month, an increasingly rare downtown convenience. Two real bedrooms, great light, skyline views, character, and an unbeatable Little Italy location. With so few condo options in the neighbourhood, this is a rare opportunity to own a true downtown home with space to live, plenty to do and pretty much everything you need within walking distance.

456 College Street Unit 415, Toronto

394 Euclid Avenue Unit 205, Toronto
$829,000
2 Beds ⋅ 1 Baths ⋅ C13812818 MLS
A piece of Toronto history, reimagined for modern living with vibes that are unmatched. Nearly 1,000 sq. ft. of striking, light-filled space awaits in this rarely offered 1+1 bedroom loft at "The Movie House Lofts", an iconic 18-unit boutique conversion in the heart of Little Italy. Once a cherished Toronto movie theatre, this red-brick landmark was transformed into distinctive loft residences that blend heritage architecture with modern urban style. Inside, soaring 16-foot ceilings and oversized east-facing warehouse-style windows flood the home with natural light and give the open-concept living and dining space an incredible sense of scale. The updated kitchen boasts quality finishes - new stainless steel appliances, a gas range, and quartz countertops - that elevate the function and style of the space. Upstairs, the lofted bedroom overlooks the main living space, creating a distinct retreat while preserving the openness and architectural impact below. A third floor den adds valuable flexibility for a home office and opens up onto the oversized private rooftop terrace with sweeping CN Tower views, providing your own outdoor escape for summer dinners, morning coffee and entertaining above the city. Set directly across from Village Greenery and steps from the restaurants, cafés and energy of College Street, this is downtown living at its best, and even comes with on-site bike storage and large ensuite storage.16-foot ceilings, incredible natural light, an oversized rooftop terrace, authentic hard-loft character and one of Little Italy's most distinctive addresses.

394 Euclid Avenue Unit 205, Toronto

665 Ossington Avenue, Toronto
$1,199,000
6 Beds ⋅ 4 Baths ⋅ C13724446 MLS
Savvy Investors and Developers! Don't Miss this Exceptional Opportunity in A High Demand Neighborhood with An Outstanding Walk Score. Charming century 3-storey semi-detached home located just a short 4 minute walk from Ossington Subway Station and steps from the eclectic shops and restaurants along Bloor Street, Steps to Christie Station, Koreatown, Little Italy and Harbord Village. Full of original character and charm. Fully-fenced backyard. Detached 1.5 garage via laneway was constructed about 15 years ago (garage door remote included). Basement apartment about 8ft high with separate entrance. Basement renovation and addition in the back is about 10 years old. With over 2100 sqft above grade living space, 5+1 spacious bedrooms, a finished basement apartment with a separate entrance, multiple separate entrances can easily convert the home into a triplex or fourplex, and a fenced backyard leading to a detached garage with laneway access, this property offers immense potential. Simply clearing out the current items and do some cosmetic updates-applying a fresh coat of bright, modern paint will instantly transform the space and maximize its value. Whether you're looking to a laneway house or convert into 4 self-contained units, generate strong rental income across multiple suites or redevelop and maximize the lot's value, the possibilities are endless. Perfect for developers, contractors, investors or multi-generational living. (some of the photos are virtually staged)

665 Ossington Avenue, Toronto

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