721 Shaw St
Palmerston-Little Italy, Downtown Toronto, M6G 3L8
FOR SALE
$1,949,900
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Property Description
Steps to Bloor, 721 Shaw is the perfect multi-family residential home to add to your growing portfolio or off-set your mortgage. The property currently boasts nearly $110k in gross annual income and a staggering 4.5% cap rate. The basement suite was renovated in 2020 and features 2-beds and a modern kitchen. The main floor suite includes 2-beds and a sun-drenched kitchen with views of the city skyline. The upper floor is the largest suite, spread over two floors with 3-beds and a sizeable family room. Proximity to Bloor and Ossington make this property extremely easy to access transit and attractive among tenants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-03-17 | 2022-07-11 | 116 | $3,599 | $3,575 | Leased |
| 2021-12-23 | 2022-03-14 | 81 | $3,850 | - | Terminated |
| 2021-10-08 | 2021-12-23 | 76 | $3,950 | - | Terminated |
| 2021-10-08 | 2021-12-09 | 62 | $3,950 | - | Suspended |
Extras
Exposed brick throughout, updated mechanical and kitchens, large garage at the rear is currently leased for an additional $307.50/mth, potential to add a laneway house, excellent tenants prefer to stay, private entry for the basement suite.
Nearby Intersections
Bloor & Ossington (12)
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Lot Size
16' x 129'
Lot Irregularities
Survey Available
Fronting
East
Taxes
$6,263 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 9.65' x 13.55' | Hardwood Floor, W/O To Deck, Large Window |
| Kitchen | Ground | 9.65' x 14.04' | Tile Floor, Eat-In Kitchen, B/I Microwave |
| Br | Ground | 9.09' x 12.80' | Hardwood Floor, French Doors, Closet |
| Den | Ground | 9.65' x 12.96' | Hardwood Floor, Fireplace, French Doors |
| Kitchen | 2nd | 8.46' x 9.42' | Vinyl Floor, Eat-In Kitchen |
| Prim Bdrm | 2nd | 13.71' x 13.09' | Hardwood Floor, Closet |
| Br | 2nd | 12.80' x 10.70' | Hardwood Floor, Closet |
| Br | 3rd | 13.78' x 11.25' | Hardwood Floor, Closet |
| Living | 3rd | 13.81' x 12.17' | Hardwood Floor, Closet, W/O To Deck |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
721 Shaw St is a 7-bedroom 3-bathroom home listed for sale at $1,949,900, which is $512,600 (20.8%) lower than the average sold price of $2,462,500 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 7 bedroom home in Downtown Toronto increased by $1,057,500 (75.3%) compared to the previous 30 day period (March 1 - March 30) and down $1,955,250 (44.3%) from the same time one year ago.Inventory Change
There were 7 7-bedroom homes listed in Downtown Toronto over the last 30 days (March 31 - April 29), which is up 40.0% compared with the previous 30 day period (March 1 - March 30) and down 22.2% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Downtown Toronto typically sold ($166,000) (6.7%) below asking price over the last 30 days (March 31 - April 29), which represents a $97,800 increase compared to the previous 30 day period (March 1 - March 30) and ($5,999) 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 7-bedroom homes in Downtown Toronto over the last 30 days (March 31 - April 29) stood at 57.1%, up from 20.0% over the previous 30 days (March 1 - March 30) and up from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 3-bathroom home in Downtown Toronto stood at 55 days when successfully sold over the last 30 days (March 31 - April 29), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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