Low-Rise Condo

540 College Condos

by Unknown

540 College Street, Toronto, ON M6G 1A6

Year Built

2014

Total Units

Storeys

Available Units in 540 College Condos

Units for sale

Units for rent

Live MLS · Updated daily

Overview

540 College Street is a great choice for those seeking a Palmerston - Little Italy condo for sale. This condo is 4 storeys tall and is home to 6 units. The complex was completed in 2014, and features Toronto condo that range in size from 2000 square feet to 3000 square feet.

Developer

Unknown

Year Built

2014

Property Type

Low-Rise Condo

Storeys

Total Units

Management

Equity ICI

Price History

2 records

Loading history…

Market Stats

—

Avg $/sqft

Steady

YoY change

—

Avg days on market

Location & Walkability

Walk Score

95/100

Daily errands on foot

Transit Score

94/100

TTC, GO, subway access

Bike Score

65/100

Bike lanes & infrastructure

Neighbourhood in Toronto

Palmerston-Little Italy

lively family-friendly walkable community-oriented

Palmerston-Little Italy is a vibrant neighbourhood in Toronto. It offers a mix of parks, schools, and local shops.

Palmerston-Little Italy, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Great access to parks and recreational areas
Diverse dining options with many restaurants
Strong community feel with local amenities
Good schools for families

Keep in mind

Limited housing options currently available for sale or rent
Prices may be higher than city averages

The feel of the placeLifestyle

Daily life is lively with plenty of dining and shopping options. The area is family-friendly and supports an active lifestyle.

Great for first-time buyers families young professionals

Within the boundaryWhat's nearby

The boundary

1.4 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.4 km² of Palmerston-Little Italy. From OpenStreetMap, as of 2026-10-19.

The schoolsWhich schools, and how they rate

7.3/10

Average rating of the 6 rated schools in this area

Elementary

Secondary

Montrose Junior Public School
Public · Grades JK–6 · Toronto DSB
9.3/10
53rd of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Clinton Street Junior Public School
Public · Grades JK–6 · Toronto DSB
9.0/107.4 over 5 yrs
91st of 3,045 Ontario elementary schools
315 students · EQAO 2024-2025
Harbord Collegiate Institute
Public · Grades 9–12 · Toronto DSB
7.5/107.6 over 5 yrs
142nd of 742 Ontario secondary schools
980 students · EQAO 2024-2025
Central Toronto Academy
Public · Grades 9–12 · Toronto DSB
6.7/106.0 over 5 yrs
275th of 742 Ontario secondary schools
975 students · EQAO 2024-2025
Loretto College School
Catholic · Grades 9–12 · Toronto CDSB
5.7/105.7 over 5 yrs
440th of 742 Ontario secondary schools
510 students · EQAO 2024-2025
Dewson Street Junior Public School
Public · Grades JK–6 · Toronto DSB
5.4/10
1,985th of 3,045 Ontario elementary schools
335 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Palmerston-Little Italy, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

13,171

Population (2021)

1.4 km²

Area

9,168

People per km²

37.3

Median age

$88,719

Median income

42%

Own their home

2.1

People per household

6,195

Households

Every age

Children (under 15)9.1%
Working age (15–64)75.2%
Seniors (65+)15.7%

What is built here

Detached houses6.4%
Semi-detached16%
Townhouses5.1%
Duplexes6.8%
Low-rise apartments59.3%
High-rise apartments4.9%
Other attached homes1.9%

Own or rent

42%Owners

58%Renters

Across 6,195 households

When it was built

Mostly 1960 or earlier

1960 or earlier73%
1961–198015%
1981–19904%
1991–20002%
2001–20050%
2006–20101%
2011–20152%
2016–20211%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

28.6%
Born outside Canada: 52.9%
Hold a degree or higher: 63.6%
Employment rate: 23.6%
Commute by transit: 39.6%
Commute by car: 1.6
Children per family: $77,028
Median income after tax: $133,129
Average household income: 10.8%
Living on a low income: $1,731/mo
Renters pay, per month: $1,708/mo
Owners pay, per month: $1,546,697
Median home value at census: 41.1%
Renters spending 30%+ of income on housing: 23.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 27 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)