Rare Two-Storey Penthouse at 308 Palmerston Ave! Located on prestigious Palmerston Avenue in the heart of Little Italy, this bright and spacious 2-bedroom + den, 2-bathroom penthouse offers a unique blend of condo convenience and house-like living. Enjoy an open layout, soaring ceilings, floor-to-ceiling windows, and an impressive private terrace with beautiful, unobstructed views of the South Annex's mature tree canopy and historic mansions. The two-storey layout offers excellent separation between living and sleeping spaces, while the terrace provides a wonderful extension of the living area. Includes 1 underground parking space and 1 storage locker. Europa is a welcoming, well-established building cherished by its long-term residents, with proactive management and a healthy reserve fund. Penthouse opportunities here are exceptionally rare. While the suite offers an exciting opportunity to update and personalize the space, its outstanding layout, views, and location provide an exceptional foundation for creating a truly special home. Steps to parks, transit, cafés, restaurants, shopping, the University of Toronto, hospitals, and everything this vibrant neighbourhood has to offer. A rare opportunity to make a distinctive two-storey penthouse your own in one of Toronto's most desirable locations.
Property Type:
Residential Condo & Other
Property Sub Type:
Common Element Condo
Home Style:
2-Storey
Approx. Age:
16-30
Total Approx Floor Area:
1000-1199
Exposure:
North
Bedrooms:
2+1
Bathrooms:
2.0
Kitchens:
1
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
5
Rooms Below Grade:
1
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
PH
Balcony:
Terrace
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Features:
None
Parking Type:
Owned
Parking Spaces:
0
Total Parking Spaces:
1.0
Locker Level:
P1
Locker:
Owned
Family Room:
No
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$1,363.67
Maintenance fees include:
Water Included, Common Elements Included, Building Insurance Included, Parking Included
Taxes:
$4,972.17 /
2026
Assessment:
$- /
-
Toronto
Toronto C01
Palmerston-Little Italy
Hospital, Library, Park, Public Transit, Terraced
None
Concierge/Security, Security Guard
Yes-with Restrictions
None
S/S Appliances, Stacked Washer/Dryer.
Brick, Concrete
Bike Storage, Concierge, Exercise Room, Party Room/Meeting Room
Data was last updated October 28, 2026 at 01:15 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$699,000
Min list price:
$400,000
Max list price:
$1,650,000
Avg days on market:
34
Min days on market:
2
Max days on market:
243
These statistics are generated based on the current listing's property type
and located in
Toronto C01. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.