FOR SALE
$1,639,000
581 Ontario St, Downtown Toronto
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
581 Ontario St
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
6 + 2
ROOMS
C9251905
MLSID
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Property Description
Stunning Victorian Gem in the Heart of Cabbagetown. Welcome to 581 Ontario St., a meticulously renovated Victorian home circa 1895 that beautifully blends historic charm with modern elegance. As you step onto the inviting front porch, you'll be greeted by an abundance of natural light that flows throughout the home. This exquisite property boasts 10-foot ceilings on the main floor, original period details such as cornice and ceiling moldings, and newer sash windows that have been thoughtfully retained. The spacious main floor features grand principal rooms, including an expansive living and dining area, highlighted by oak hardwood floors and a cozy wood-burning fireplace. The chefs dream kitchen is the heart of the home, offering granite countertops, two sinks, high-end stainless-steel appliances, and a walk-out to the serene garden perfect for entertaining and enjoying outdoor living. Upstairs, the primary bedroom is a true sanctuary, with a cathedral ceiling, exposed brick, and a gorgeous 2-piece ensuite. Two additional spacious bedrooms provide ample storage, and the second floor is adorned with beautiful oak hardwood flooring. The finished lower level is a versatile space, featuring a comfortable family room, a 4-piece bathroom, and a home office ideal for working from home or additional living space. Located in a vibrant neighborhood, this home is just steps away from transit, top-rated schools, shopping, hospitals, trails, and parks. With excellent walk and bike scores, you'll enjoy easy access to great restaurants, grocery stores, farmers markets, cafes, the LCBO, and more. Don't miss this rare opportunity to own a piece of history with all the modern conveniences in one of Toronto's most desirable neighbourhoods.
Extras
security system and cameras(buyer responsible for monitoring/storage subscriptions.
Nearby Intersections
Property Details
Property Type
Semi-Detached, 2-Storey
Lot Size
17' x 99'
Fronting
East
Taxes
$8,147 (2024)
Basement
Finished
Exterior
Board/Batten, Brick
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.27' x 19.55'Moulded Ceiling, Fireplace, Hardwood Floor
DiningMain9.81' x 14.70'Window, Formal Rm, Hardwood Floor
KitchenMain11.45' x 16.04'Centre Island, Renovated, W/O To Yard
Prim Bdrm2nd15.42' x 11.48'Closet, 2 Pc Ensuite, Cathedral Ceiling
Br2nd9.84' x 14.99'Closet, Window, Hardwood Floor
Br2nd11.58' x 8.04'Double Closet, Window, Hardwood Floor
RecLower14.07' x 15.49'Pot Lights, 4 Pc Bath, Broadloom
BrLower8.89' x 11.84'Pot Lights, Window, Closet
LaundryLower10.14' x 16.60'
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
581 Ontario St is a 3-bedroom 3-bathroom home listed for sale at $1,639,000, which is $360,539 (28.2%) higher than the average sold price of $1,278,461 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Downtown Toronto increased by $3,052 (0.2%) compared to the previous 30 day period (July 17 - August 15) and down $50,843 (3.8%) from the same time one year ago.
Inventory Change
There were 929 3-bedroom homes listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 34.8% compared with the previous 30 day period (July 17 - August 15) and up 5.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Downtown Toronto typically sold ($2,281) (0.2%) below asking price over the last 30 days (August 16 - September 14), which represents a $20,078 decrease compared to the previous 30 day period (July 17 - August 15) and $34,973 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 40.7%, down from 57.9% over the previous 30 days (July 17 - August 15) and down from 44.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Downtown Toronto stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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