29 Shannon Street, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13427386
About this home
Some properties come to market once a decade. This one comes along once in a generation. 29 Shannon Street has been owned by the same family since 1967 and is hitting the market for the first time in nearly 60 years. A rare legal duplex on a 40 x 118 ft lot in the heart of Trinity Bellwoods, move-in ready as configured, fully livable, and with serious income generating potential. Purpose built for multigenerational living, the upper unit spans the second and third floors with six bedrooms, generous living space and kitchen, and the bathroom has a classic clawfoot tub and shower. The main floor operates as a fully self-contained suite with a full kitchen, pantry, large living and dining rooms, two bedrooms, and a beautifully renovated bathroom with walk-in shower. Both basements are large and offer significant square footage with value-add potential and private storage for each unit. Walk outside to a generous yard, patio, detached shed with garden suite potential, and private drive with parking for approximately seven vehicles. Five minutes to Trinity Bellwoods Park, steps to Ossington, Queen West, top-rated schools, and TTC. Committee of Adjustments approved plans are already in place and they are extraordinary. The third floor transforms into a private primary retreat with a full ensuite, dedicated living area, and a large balcony with 180 degree Toronto skyline views. The main floor opens dramatically with a 20 foot double vaulted living space, a French country inspired kitchen, a fireplace as the centrepiece, and rear sight lines that pull natural light deep into the home. The heritage facade stays. Everything behind it transforms. The approved lower level introduces a 9 foot walkout suite with direct backyard access, purpose built as an in-law suite or nanny quarters. No approvals to chase. No uncertainty. The vision is already permitted. All that remains is the build.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- C13427386
- Bedrooms
- 8 (6 + 2)
- Bathrooms
- 2
- Size
- 3500-5000
- Lot
- 40 × 118 ft
- Cross streets
- Ossington Ave and College St
- Parking
- 7 garage (none)
- Driveway
- Private
- Basement
- Separate Entrance
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Block, Concrete
- Roof
- Asphalt Shingle, Slate
- Sewer
- Sewer
- Property tax
- $12,013 / 2025
- Days on market
- 37
- Listing brokerage
- REVEL REALTY INC.
Rooms
window · hardwood floor
hardwood floor · separate room · window
broadloom · window · vaulted ceiling(s)
window · hardwood floor · separate room
hardwood floor · window · california shutters
tile floor · renovated · stainless steel appl
window · hardwood floor · california shutters
window · hardwood floor
broadloom · window · separate room
4 pc bath · window
renovated · window · 3 pc bath
large window · hardwood floor · combined w/den
broadloom · window · separate room
bay window · hardwood floor · separate room
hardwood floor · large window · separate room
stainless steel appl · backsplash · window
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (Ossington/Old Orchard Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. College St at Ossington Ave is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
- Value driver
- Worth verifying
- Lifestyle
36 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Trinity-Bellwoods, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: College St at Ossington Ave, about 143 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $2,159,960 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,526
- Property tax
- $1,001
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,527
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,974
- Toronto municipal land transfer tax
- $53,974
- Estimated closing costs
- $107,948
Plus your down payment of $539,990. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $691,581
- Principal paid down
- $275,071
- Interest paid
- $416,509
- Balance remaining
- $1,884,889
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REVEL REALTY INC.. MLS®/PropTx.