488 Ontario Street

Nestled in the heart of Cabbagetown-South St. James Town, this magnificent townhouse for sale in Toronto at 488 Ontario Street, Toronto, is a stunning example of classic Victorian architecture, beautifully reimagined for modern living. This freehold townhouse, boasting a generous 3-storey layout, offers an impressive 3 bedrooms plus a den and 5 bathrooms, making it an ideal family home or a luxurious retreat for those who appreciate refined living.

As you approach the property, the charming yellow brick façade immediately captures the essence of Toronto's architectural heritage. The townhouse for sale in Toronto spans over 3,200 square feet, with an exceptionally wide layout of 21.7 feet, providing gracious principal rooms that are perfect for entertaining. The period details throughout the home, including soaring 10.5-foot ceilings, original sweeping staircase, and intricate crown mouldings, blend seamlessly with modern luxury, creating an elegant ambiance that is both inviting and sophisticated.

Upon entering, you are greeted by a grand foyer that leads to a magnificent living area featuring a wood-burning fireplace adorned with a white marble mantel. The pocket doors add a touch of charm, while the rich hardwood floors enhance the warmth of the space. The main floor also includes a convenient powder room, ensuring guests are well accommodated during gatherings.

The heart of the home is undoubtedly the massive open-concept eat-in kitchen, located on the main floor. This culinary haven is equipped with stone counters, a centre island, and a gas fireplace, creating a cosy atmosphere for family meals. The bright breakfast area, with its walk-out to a private patio, is perfect for enjoying morning coffee or al fresco dining during the warmer months.

Venturing to the luxurious second floor, you will find the primary suite, which is a true sanctuary. This spacious bedroom features a bay window, a fireplace for those chilly evenings, and a walk-in closet that provides ample storage. The spa-like ensuite bathroom is a highlight, complete with heated floors and a luxurious steam shower. Two additional bedrooms on this floor, along with a full bath, offer flexible space for children, guests, or even a home office.

The spectacular third-floor family or games room is a standout feature of this townhouse for sale in Toronto. With vaulted ceilings and skylights that flood the space with natural light, it is an ideal spot for relaxation or entertainment. The wet bar, complete with a SUB-ZERO fridge, and the fourth fireplace make this room perfect for hosting gatherings. Step outside onto the sprawling rooftop terrace, where you can enjoy sweeping views of the city—a true oasis in the heart of Toronto.

The finished lower level of the home features a separate entrance and is designed for versatility. It includes heated floors, a second kitchen, a fourth bedroom, a media room, and a fifth bathroom, making it ideal for a nanny or in-law suite, or simply for family movie nights on the big screen TV.

Located just steps from the vibrant shops, restaurants, and cafés of Parliament Street, this townhouse for sale in Toronto offers easy access to downtown, the TTC, and nearby parks. The property is wired for sound with in-ceiling speakers, ensuring that entertaining is a breeze. With two furnaces, central air conditioning, and a third-floor A/C unit, comfort is guaranteed year-round.

In summary, 488 Ontario Street, Toronto, presents a rare opportunity to own a piece of Toronto's architectural heritage, beautifully updated for contemporary urban living. This townhouse for sale in Toronto is not just a home; it is a lifestyle choice, combining luxury, comfort, and an unbeatable location. Don't miss your chance to experience this remarkable property—join us for an open house on Saturday from 2-4 PM!

Cabbagetown-South St. James Town, nestled in the heart of Toronto, is a vibrant and eclectic neighbourhood renowned for its rich history and diverse character. This area boasts charming Victorian homes and tree-lined streets, offering a unique blend of urban living with a touch of quaintness. Residents enjoy easy access to a variety of amenities, including local shops, cafes, and parks, all while being just a stone's throw away from the bustling downtown core. The community is marked by its cultural diversity, fostering a welcoming atmosphere that celebrates inclusivity. With its lively arts scene and a strong sense of community spirit, Cabbagetown-South St. James Town presents an inviting option for those seeking a dynamic urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.9 km radius, you will find a mix of public and Catholic schools catering to various educational needs. Orde Street Public School and St. Michael Catholic School, both rated 7.1, are just 0.9 km and 1.2 km away, respectively, offering quality elementary education in English for grades JK to 8. For secondary education, Kapapamahchakwew - Wandering Spirit School is also within 0.9 km, although it has a lower rating. St. Joseph's College School, located 1.3 km away, offers a strong Catholic education for grades 9 to 12 with a rating of 7.6. Additionally, Ryerson Community School provides French language instruction for younger students, although it has a lower rating of 3.8. St. Mary Catholic School, also nearby, serves grades JK to 4 in French and has a rating of 5.7. This diverse educational landscape ensures that families have access to quality schooling options, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,648 residents, characterized by an average household size of 1.7 individuals. The demographic profile reveals a youthful community with an average age of 35.6 years. The average household income stands at $82,800, although 21.6% of the population is classified as low-income. The real estate market reflects a competitive environment, with average property prices at $690,000. A significant portion of the community, 60%, is single, while 21.43% of households include children. The area is notably diverse, with 48.33% of residents being immigrants. Renters make up a substantial 71.43% of the housing market, with condominiums accounting for 59.79% of the available properties. Education is highly valued in this community, as evidenced by 76.33% of residents holding a college or university degree. Additionally, 25.44% of the population is not actively participating in the labor force. Overall, this demographic snapshot highlights a vibrant, educated, and diverse community, making it an attractive location for potential homeowners and investors alike.