$799,000
For sale: Apartment

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, cafes 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.
Sold data
Homes in Palmerston Little Italy took a median of 15 days to sell over the last 365 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 45, across 98 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 24 days.
The median sale price was $1,384,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 32% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 98 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Palmerston-Little Italy) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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