471 Shaw Street

If you’re on the lookout for a fantastic investment opportunity, then this Multi-Family Home for sale in Toronto could be just what you need. Nestled at 471 Shaw Street, Toronto, this stunning multiplex is situated in the highly sought-after Palmerston-Little Italy area. With its charming blend of stucco and brick exterior, this 3-storey property boasts an impressive five bedrooms and four bathrooms, making it perfect for families or as a rental investment.

As you step inside this Multi-Family Home for sale in Toronto, you'll immediately notice the spacious layout, featuring a total of 12 rooms. Each of the four kitchens is well-equipped, allowing for convenient meal preparation, while the family room provides a warm and inviting space for gatherings. Although the home is unfurnished, it offers a blank canvas for you to add your personal touch.

One of the standout features of this property is its central air conditioning, ensuring that you stay cool during those hot summer months. Additionally, the presence of a fireplace adds a cosy atmosphere, perfect for chilly evenings. The heating system is powered by forced air, providing efficient warmth throughout the home.

The property also includes a basement apartment, which is a great bonus for additional living space or rental potential. With a lot size of 25 x 100 feet, there’s ample room for outdoor activities, though it’s worth noting that there is no pool or garage space available. Parking is also limited, with no dedicated parking spaces or driveway, but the vibrant community of Palmerston-Little Italy offers plenty of street parking options nearby.

When it comes to safety, this Multi-Family Home for sale in Toronto is equipped with a metal fire escape that meets current codes, ensuring peace of mind for all residents. Each unit has its own main entrance and a second exit, while the 90-minute fire-rated entrance doors with hydraulic springs provide added security. The interconnected fire-alarm and CO2 detector system operates on both AC and DC power, further enhancing the safety features of the property.

The recent upgrades to the property are impressive. The new stucco exterior, completed in 2024, features added extra-thick Styrofoam insulation and freshly painted walls, giving the home a modern and appealing look. The new roof, installed in 2024, along with the new vinyl windows added in 2018, ensures that the property is not only aesthetically pleasing but also energy efficient. The main sewer pipe was replaced in 2018, transitioning from ceramic to vinyl along the entire length of the house, with two cleanouts added for convenience.

Residents will appreciate the convenience of the common laundry facilities on the premises, featuring a coin-operated industrial-size washer and dryer, each costing just $1.50 per load. There’s even a large bicycle shed at the back of the property, providing extra storage for bikes and bulky personal belongings.

In summary, this Multi-Family Home for sale in Toronto at 471 Shaw Street, Toronto, is a rare find in a vibrant community. With its numerous features, recent upgrades, and excellent location in Palmerston-Little Italy, this property presents a unique opportunity for both investors and families alike. Don’t miss out on the chance to make this stunning multiplex your own!

Palmerston-Little Italy is a vibrant and eclectic neighbourhood nestled in the heart of Toronto, renowned for its rich cultural tapestry and lively atmosphere. This area boasts a delightful mix of historic architecture and modern amenities, with charming tree-lined streets that invite leisurely strolls. The community is particularly famous for its Italian heritage, reflected in the abundance of authentic cafés, restaurants, and bakeries that line College Street, offering a taste of Italy right in the city. Residents enjoy a strong sense of local pride, with numerous parks and community spaces fostering a welcoming environment. With its proximity to downtown and excellent public transport links, Palmerston-Little Italy is an ideal choice for those seeking a dynamic urban lifestyle infused with cultural charm.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Montrose Junior Public School, just 0.3 km away, which boasts an impressive rating of 9.3 and offers grades from Junior Kindergarten to Grade 6. For older students, Horizon Alternative Senior School is only 0.2 km away, catering to grades 7 and 8. Harbord Collegiate Institute, located 0.8 km from the property, serves grades 9 to 12 and has a strong rating of 8.8. Additionally, St. Francis Assisi Catholic School, a Catholic elementary school, is 0.5 km away, offering a nurturing environment for grades JK to 8 with a rating of 4.7. Other nearby schools include Ryerson Community School and St. Mary Catholic School, providing options for families interested in French-language education. Overall, the area offers a diverse range of schooling options across public and Catholic boards, ensuring that families have access to quality education within a short distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 359 residents, with an average household size of 2.1 individuals. The community is relatively mature, with an average age of 39.7 years. Economically, the average household income stands at $88,000, though 12.4% of the population is classified as low-income. The real estate market reflects high property values, with an average price of $1,280,000. A significant portion of the population is single, comprising 63.24%, while households with children account for 28.57%. The area is diverse, with 27.78% of residents being immigrants. Renters dominate the housing landscape, making up 75.76% of the population, and there are no condominiums available. Educational attainment is notably high, with 62.86% of residents holding a college or university degree. However, 27.14% of the population is not actively participating in the labor force, indicating potential economic challenges. Overall, this demographic profile suggests a well-educated, predominantly rental community with a mix of singles and families, set in a high-value real estate market.