28 Shannon St

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Listing Description

Welcome to the Victorian Grande Dame on coveted Shannon street. Detached, 2.5 storey Victorian, this home offers exceptional presence, scale, and versatility in one of Toronto's most vibrant neighbourhoods at College and Ossington. This distinguished detached residence blends timeless 19th-century craftsmanship with an outstanding modern-day opportunity for buyers seeking a forever home with significant income or personal expansion potential. The main house showcases soaring ceilings, original stained glass, elegant built-in cabinetry, hardwood floors, and a wood-burning fireplace. Grand Victorian principal rooms include a spacious living room and formal dining area flowing into a spacious kitchen, complemented by a convenient side entrance. This leads to a private backyard retreat with access to the massive 3 car garage with laneway access, that qualifies for a laneway suite (Report attached) The second floor offers two generous bedrooms and a beautifully appointed 3-piece bathroom. The third floor is dedicated to a private primary suite, complete with a spa-inspired 4-piece ensuite and an expansive private rooftop deck-an elevated urban sanctuary. Adding to the home's income or expansion appeal are four self-contained, one-bedroom apartment suites, three separately metered and all with private exterior entrances. Two basement units are currently tenanted month-to-month, while the main and second floor suites are vacant-offering remarkable flexibility to integrate them into the main residence for your personal use or leverage them for strong rental or short-term income, perfectly timed with Toronto's upcoming World Cup and robust tourism demand. Steps to transit, parks, renowned schools, boutiques, cafés, and restaurants of College and Ossington, this is a rare opportunity to own a landmark Victorian with scale, parking, and income potential rarely found in Toronto's downtown. See attached details and floor plans for each of the 4 apartments.
Main House: Hot water heater (2022) Owned, Dishwasher, Fridge, Gas stove and oven, overhead fan, washer and dryer all sold " as is" 2 Ductless Air conditioning units (2nd and 3rd floors) Wood Burning fireplace in "as is" condition. Jacuzzi tub on 3rd floor works but is being sold in "as is" condition. The 4 Separate apartment units each include a Fridge and stove in "as is" condition. The tenants all share the included coin operated Washer and Dryer ( sold "as is" ) located in the front basement with only outside steps access. All existing light fixtures and window coverings are include throughout the main house and all 4 apartment units. Alarm Source fire and C02 dedicated direct wireless alarm system for main house and all 4 apartments has a yearly monitoring fee of $420.00 and is no longer under contract. (Contract was for 5 years and has ended and now pay twice a year)