488 Ontario Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-Storey att/row/townhouse located in the coveted neighborhood of Cabbagetown-South St. James Town. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,995,000 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 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 21.69 x 102.83 ft lot
- Features a apartment, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Accessory Apartment, Bar Fridge, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Magnificent, fully renovated classic Toronto yellow brick Bay-and-Gable 3-storey, 3+1 bed, 5 bath Cabbagetown Victorian offers over 3,200 sq. ft. of refined living space! Exceptionally large with a span measuring 21.7 wide, gracious principal rooms, loads of period details blending 19th-century charm with modern luxury. Soaring 10.5 ceilings, grand 3-storey original sweeping staircase, ceiling medallions, crown mouldings, wood burning fireplace w/white marble mantel, pocket doors & rich hardwood floors create an elegant ambiance for entertaining on a grand scale! Main floor powder room, massive open-concept eat-in kitchen w/stone counters, centre island, gas fireplace & bright breakfast area w/walk out to private patio perfect for morning coffee. Luxurious 2nd-floor has primary suite w/bay window, fireplace, walk-in closet & spa-like ensuite w/heated floors & luxurious steam shower and two additional bedrooms w/full bath offers flexible space for kids, guests, or a home office! Spectacular 3rd-floor family/games room has vaulted ceilings, skylights, wet bar, SUB-ZERO fridge, 4th fireplace & sprawling rooftop terrace w/sweeping city views! Finished lower-level w/sep entrance has heated floors, 2nd kitchen,4th bed, media room & 5th bath ideal for nanny or in-law suite or family movie nights on the big screen TV! Ideally located just steps from Parliament Streets vibrant shops, restaurants, and cafés with easy access to downtown, TTC and parks this iconic Cabbagetown residence is a rare opportunity to own a piece of Toronto's architectural heritage reimagined for contemporary urban living.***EXTRAS*** Wired for sound with in-ceiling speakers, 2 furnaces, CAC + 3rd flr A/C unit, rear parking. Two full kitchens + 3rd flr wet bar w/3rd dishwasher & SUB-ZERO bar refrigerator perfect for entertaining large parties on the massive rooftop deck! Heated floors in basement suite & primary ensuite. See attached Feature Sheet for list of improvements.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Interior Features
Accessory Apartment, Bar Fridge, Built-In Oven, Central Vacuum, In-Law Capability, In-Law Suite, Separate Heating Controls, Storage Area Lockers, Water Heater
Security Features
Alarm System, Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 488 Ontario Street, Toronto C08, ON M4X 1M7
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 $1,995,000 in Toronto, the legal minimum down payment is $399,000 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 $36,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $36,375 also applies, bringing the total estimated land transfer taxes to $72,750.
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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.
